WEBVTT 00:00.000 --> 00:04.300 [Music] 00:04.700 --> 00:08.300 Hi, I'm Commissioner of State Land, Tommy Land. 00:08.300 --> 00:11.820 Research is the foundation of buying tax-delinquent real estate. 00:11.820 --> 00:16.200 Whether you're bidding at a live auction or in the online auction of previously offered 00:16.200 --> 00:20.940 properties, it's important to learn everything you can about a property before bidding on 00:20.940 --> 00:21.940 it. 00:21.940 --> 00:27.420 Otherwise you may discover that this cheap piece of property has leans or other obligations 00:27.420 --> 00:29.780 and it's not so cheap after all. 00:29.780 --> 00:34.560 This video segment will walk you through researching a parcel property from our website. 00:34.560 --> 00:36.760 I encourage you to follow it closely. 00:36.760 --> 00:45.920 You can use what you learn in this video to find the property you want. 00:45.920 --> 00:50.440 In this video, you will see each step of locating properties on our website. 00:50.440 --> 00:55.520 I'll also give you some information on researching parcels before placing a bid. 00:55.520 --> 00:58.120 Let's begin by visiting the Commissioner's website. 00:58.120 --> 01:02.800 It's www.cosl.org. 01:02.800 --> 01:07.640 From the homepage, we will click on the Public Auction Catalog tab. 01:07.640 --> 01:11.080 This brings up the auction catalog table of contents. 01:11.080 --> 01:15.800 Here you will find a list of each county along with sell dates and tops. 01:15.800 --> 01:20.840 You'll notice that several counties have auction schedule for the same date and time. 01:20.840 --> 01:25.880 Beginning in 2023, we are conducting regional auctions in a central location. 01:25.880 --> 01:29.640 We'll see the location of the auction in the next two columns. 01:29.640 --> 01:35.040 To view parcels for any county, we'll click on this eyeball icon after the city column. 01:35.040 --> 01:40.000 The other buttons provide additional ways to explore which properties are available. 01:40.000 --> 01:42.760 We'll use Crawford County as our example. 01:42.760 --> 01:46.760 Clicking on the eyeball shows us the parcels available in our selected county, which are 01:46.760 --> 01:52.800 then listed alphabetically by the certified owner's last name or company name. 01:52.800 --> 01:55.200 The number to the left is the cell number. 01:55.200 --> 01:58.560 This is the number we will announce at the auction. 01:58.560 --> 02:02.680 As you scroll down the page, you may see red bars that say entry cancelled. 02:02.680 --> 02:06.400 Those parcels were scheduled for auction, but they have been redeemed. 02:06.400 --> 02:10.240 If you're interested in a specific parcel, be sure to check our website before the auction 02:10.240 --> 02:12.840 to make sure it is still available. 02:12.840 --> 02:16.480 You can do that by looking for the cell number in the left column. 02:16.480 --> 02:18.800 Now let's look at the rest of the page. 02:18.800 --> 02:23.720 There are several columns containing information about each property up for sale. 02:23.720 --> 02:30.440 These include the legal description, interested parties, parcel number, and taxes out. 02:30.440 --> 02:34.840 The legal description is self-explanatory, so let's begin with interested parties. 02:34.840 --> 02:40.400 This column contains names of individuals, government entities, and businesses that may 02:40.400 --> 02:43.160 have an interest in the property. 02:43.160 --> 02:47.400 Individuals may be relatives listed on a probate, while businesses may have a recorded 02:47.400 --> 02:50.080 lien against the parcel. 02:50.080 --> 02:53.560 The listed parties are discovered through the limited title search, our office performs 02:53.560 --> 02:55.400 on most parcels. 02:55.400 --> 02:59.920 Please remember that these lists may not include every interested party. 02:59.920 --> 03:04.160 The next column contains the parcel number, which you'll notice includes a link. 03:04.160 --> 03:06.520 We'll come back to this in a minute. 03:06.520 --> 03:09.880 The next column contains the amount of taxes owed. 03:09.880 --> 03:15.880 This sum includes the link with taxes, interest, penalties, and collection costs due. 03:15.960 --> 03:20.760 This number is the minimum bid where bidding will begin at the auction. 03:20.760 --> 03:24.680 And in this final column, you'll see a button to request a petition. 03:24.680 --> 03:27.480 This does not allow you to bid on the property. 03:27.480 --> 03:32.480 It takes you to this screen where you can get a petition to redeem or pay the taxes on 03:32.480 --> 03:33.760 the property. 03:33.760 --> 03:39.320 That brings the taxes up to date in the owner's name and removes the parcel from the auction. 03:39.320 --> 03:43.560 Paying the delinquent taxes does not give you ownership of the parcel. 03:43.560 --> 03:48.760 You must bid on the parcel at auction if you wish to purchase it. 03:48.760 --> 03:52.120 Now let's go back to the catalog and look at parcel numbers. 03:52.120 --> 03:56.600 When we click that link, it sends us over to the county report on the parcel. 03:56.600 --> 04:02.520 Here you can find many details about the property, such as the owner's name, and address, 04:02.520 --> 04:08.320 legal description, and the market and assess values. 04:08.320 --> 04:12.480 It may include the physical address, but that's not always the case. 04:12.480 --> 04:16.880 It also lists the chain of title as well as any structures that may be present on the 04:16.880 --> 04:17.880 property. 04:17.880 --> 04:23.480 Finally, you can click View and Map to find the parcel on a map. 04:23.480 --> 04:27.160 This is a good place to begin your research, but it doesn't end there. 04:27.160 --> 04:29.480 We'll talk about that in a minute. 04:29.480 --> 04:34.680 Now what if you're interested in a specific part of a county, but you don't know any property 04:34.680 --> 04:37.480 owners or parcel numbers? 04:37.480 --> 04:41.480 Let's go back to our website's homepage and look at another feature. 04:41.480 --> 04:44.280 You'll see parcel mapping right here. 04:44.280 --> 04:51.920 It links to arlands.cosl.org, which is a convenient way to search for taxed and legal property. 04:51.920 --> 04:55.920 When you click the link for parcel mapping, it brings up a state map. 04:55.920 --> 05:02.200 Note at the top left hand corner, you're able to change the map view to satellite view. 05:02.200 --> 05:07.720 You can also look at the property's street view via the pegman icon. 05:07.720 --> 05:12.120 When in the bottom left hand corner, we're going to deselect state-owned lands. 05:12.120 --> 05:15.360 Those lands are not for sale, so we're ignoring them today. 05:15.360 --> 05:21.360 Any blue parcels will be post-oxygen listings and red areas will be upcoming auctions. 05:21.360 --> 05:25.800 We're going to focus on upcoming auctions today, but you can use this same process to look 05:25.800 --> 05:28.440 for parcels on the post-oxygen list. 05:28.440 --> 05:32.360 Now we'll find an area of the state that we are interested in and zoom in. 05:32.360 --> 05:36.720 This shows us all parcels currently available in your chosen location. 05:36.720 --> 05:41.520 When you find a parcel you're interested in, select it. 05:41.520 --> 05:46.040 This brings up that parcel's information, as well as links to our auction catalog and 05:46.040 --> 05:50.720 the properties assessment card, much like we just saw in the public auction catalog table 05:50.720 --> 05:52.720 of contents. 05:52.720 --> 05:56.920 And again, that parcel information is a good starting point for your research. 05:56.920 --> 06:01.320 Be sure to research the properties you are interested in prior to auction. 06:01.320 --> 06:03.200 How does that research continue? 06:03.200 --> 06:05.000 We're glad you asked. 06:05.000 --> 06:09.920 Besides our website, you can visit the county assessor's office or circuit clerk's office. 06:09.920 --> 06:14.000 You can also work with a title company, and we do recommend that. 06:14.000 --> 06:18.680 We don't make any guarantees about the parcel's offer for sale, including usability, access, 06:18.680 --> 06:19.960 or existence. 06:19.960 --> 06:23.120 We also cannot guarantee title. 06:23.120 --> 06:26.880 In your research, watch for things like leans and encumbrances. 06:26.880 --> 06:29.120 The buyer may be responsible for those. 06:29.120 --> 06:31.520 That's why it's so important to do research. 06:31.520 --> 06:37.280 These leans might include special improvement, and levy district taxes, and property owners 06:37.280 --> 06:42.360 association dues, especially in retirement or private communities. 06:42.360 --> 06:45.680 We hope that you have found this information helpful as you begin researching tax-deling 06:45.680 --> 06:46.680 properties. 06:46.680 --> 06:51.960 Please do not hesitate to contact our office for further information on our website or 06:51.960 --> 06:54.200 for any other questions you may have. 06:54.200 --> 06:56.160 Good luck, and we hope to see you with the auctions.