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Legal Foreclosure Services for Duplin County Tax Department

Category: Other
Description:
THE COUNTY OF DUPLIN IS SEEKING A SOLE PROVIDER FOR MORTGAGE STYLE FORECLOSURES FOR OUR COUNTY AND THE MUNICIPALITIES WE REPRESENT. VENDOR REQUIREMENTS: • MUST COMPLY WITH ALL NC LAWS FOR MORTGAGE STYLE PROPERTY TAX FORECLOSURES. • MUST AGREE THAT THE COUNTY WILL DETERMINE THE FREQUENCY OF DISTRIBUTION OF ACCOUNTS, HOWEVER THERE WILL BE AT LEAST ONE DISTRIBUTION PER YEAR. • MUST AGREE THE COUNTY CAN PERFORM ITS OWN IN-REM FORECLOSURES. • MUST UNDERSTAND THAT THE COUNTY DOES NOT BID ON FORECLOSURE PROPERTIES. • MUST UNDERSTAND THAT THE FORECLOSURE BIDS CAN BE AS LOW AS $100 AND GO THROUGH MULTIPLE UPSET BIDS. • MUST INDICATE RATES FOR ADMINISTRATIVE WORK PERFORMED DURING THE UPSET BID PROCESSES. • MUST BE WILLING TO MEET WITH COUNTY OFFICIALS REGARDING FORECLOSURE PROCESS AS NECESSARY. • MUST AGREE TO START FORECLOSURE PROCESS WITHIN 6 MONTHS OF RECEIVING FILE FROM COUNTY. (DESIRED START TIME IS WITHIN 4 MONTHS). • MUST PROVIDE COUNTY TAX COLLECTOR BI-ANNUAL STATUS REPORTS OF ACCOUNTS. • MUST AGREE THAT ALL FORECLOSURE WORK BE COMPLETED ON ACCOUNT FROM VENDOR START DATE WITHIN 24 MONTHS (DESIRED COMPLETION TIME FRAME IS 18 MONTHS). • MUST UNDERSTAND THAT ADVERTISEMENT BY PUBLICATION IS ACCEPTABLE AND ALLOWABLE BY LAW. • MUST AGREE TO WORK JOINTLY WITH THE COUNTY IN DETERMINING WHICH RECORDS ARE TO BE DEEMED IMPRACTICAL AND/OR IMPOSSIBLE FOR THE FORECLOSURE ATTORNEY TO COMPLETE. • MUST PROVIDE FEE AMOUNT CHARGED FOR ACCOUNTS THAT ARE DEEMED BY COUNTY AND VENDOR TO BE IMPRACTICAL AND/OR IMPOSSIBLE TO COMPLETE. MUST PROVIDE INFORMATION ON WHETHER THIS IS AN ADDITIONAL FEE FOR ACCOUNTS RECALLED BY THE COUNTY ABOVE AND BEYOND CHARGES FOR WORK ALREADY DONE. • MUST AGREE TO NO VOLUME REQUIREMENT. THE ESTIMATE AT THIS TIME IS BETWEEN 100-300 ACCOUNTS ANNUALLY. THERE IS NO ESTIMATE NOW OF HOW MANY IN-REM THE COUNTY MAY PROCESS. • MUST AGREE TO ADVERTISE FORECLOSURE AUCTIONS ON FORECLOSURE VENDOR’S WEBSITE. • MUST PROVIDE INFORMATION ABOUT THE MINIMUM AMOUNT OF TIME VENDOR WOULD ADVERTISE PRIOR TO A FORECLOSURE. • MUST BE WILLING TO MEET WITH THE SHERIFF’S OFFICE AND CLERK OF COURT TO WORK WITHIN THEIR REQUIREMENTS. MUST PROVIDE WORKFLOW OF PROCESS PLANNED. • MUST HAVE ABILITY TO COMMUNICATE WITH COUNTY UP TO A DAILY BASIS IN AN ELECTRONIC FORMAT. • MUST UNDERSTAND THIS CONTRACT IS FOR EXISTING AND NEW MORTGAGE STYLE FORECLOSURE ACCOUNTS. • MUST MEET ALL COUNTY MINIMUM INSURANCE AND CONTRACT REQUIREMENTS.
Employer: Duplin County
Expires: 9/2/2019
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