Bidding Rules

Cecil County, Maryland
2021 Tax Lien Sale
(for Tax Year 2020 and prior)

TAX SALE NOTICE

LEGAL NOTICE

TERMS OF SALE

SUMMARY OF IMPORTANT INFORMATION

 

Tax Sale Notice

The State and County taxes levied for the tax year 2020 on the properties hereinafter described and assessed to the respective persons or corporations, hereinafter set forth together with taxes and charges due other Taxing Agencies in Cecil County, including Incorporated Towns being in arrears and all requirements of law in such cases made and provided having been complied with: THE Director of Finance OF Cecil County, State of Maryland HEREBY GIVES NOTICE that unless all taxes and charges in arrears to State, County, Town and other Taxing Agencies be paid before the time of sale hereinafter mentioned, together with interest on said Taxes and proportional cost of advertisement and all fees and penalties: said Director of Finance, will proceed to sell and will sell via Online Auction to the highest bidder using the high bid premium method as per Section 14-817 (b)(2)(i) of the Tax Property Article of the Annotated Code of Maryland and upon terms hereinafter set forth, each of said parcels of land or properties upon which said taxes and charges, or any of them, still remain due and in arrears on an online auction via the website https://cecil.marylandtaxsale.com/.

 

High Bid Premium Calculation Example:
Taxes:   $   1,000.00
     
High Bid Premium:    
Cash Value: $100,000.00  
40% Cash value ($100,000 x .40) $ 40,000.00  
     
Bid: $ 50,000.00  
Less 40% Cash Value: $ 40,000.00  
Total: $ 10,000.00  
     
20% Premium ($10,000 X .20):   $  2,000.00
     
Total Payment:   $  3,000.00

 

Bidder registration will be available Friday, May 14th, 2021 at 12:00 PM ET through Friday, May 28th, 2021 at 4:00 PM ET.
Bids will be accepted as of Tuesday, June 1st, 2021 with final winning bids closing on Monday, June 7th, 2021 at 12:00 PM ET.

James P Appel
Director of Finance
Cecil County, Maryland

 

Legal Notice

The accompanying is a list by District and Towns, of the properties to be sold as aforesaid, showing in each instance the name of the party to whom the property is assessed, a description of the property, the total of the amount of State, County and Town taxes and charges due other Taxing Agencies thereon levied and in arrears with interest thereon to the day of sale, and costs and expenses.

 

Terms of Sale

The purchaser of each property will be required to pay the Director of Finance by 4:00 PM ET on Monday, June 7th, 2021, the full amount of all taxes due on the property sold together with interest and penalties thereon, all expenses incurred in making the sale, and any premium due, and the residue of the purchase price shall remain on credit pending the passage of a Decree of Court foreclosing the Right of Redemption. The purchaser may claim certain legal expenses from the property owner upon redemption as of October 8, 2021. Each purchaser may at any time after the 8th day of December 2021 institute proceedings in the Circuit Court for Cecil County in Equity, to foreclose the Right of Redemption of the property sold. Such proceedings must be instituted by the purchaser within two years from the date of Certificate of Sale, or the certificate will be void and all rights of the purchaser in the property will cease and all money paid on account of the purchase price to the Director of Finance will be forfeited. Upon the execution of a decree by the Circuit Court of Cecil County in Equity, the payment of the residue of the purchase price to the Director of Finance, together with all taxes and interest and penalties thereon accruing subsequent to the day of sale, a deed to the property, so sold, will be executed by the Director of Finance. Costs of conveyance (including U.S. internal Revenue Stamps and State Stamps and State Stamps for the Deed) to be paid by the purchaser. All sales are without any warranty whatsoever, either expressed or implied. This sale is further subject to the terms and conditions set forth in Cecil County Tax Sale Procedures and Conditions, a supplement promulgated by the Director of Finance pursuant to Section 14-817(a)(4) of the Tax Property Article of the Annotated Code of Maryland.

Any open bills associated with a property under Maryland code are considered liens against the property. Any unpaid bills at the end of February could potentially lead the property into tax sale. On March 1, the County will send a delinquent notice to all property owners with delinquent bills. We will also advertise in the local newspaper for four consecutive weeks prior to the sale. Owners have ninety days to redeem the property before the property is sent to public auction.

Cecil County holds an annual Tax Sale online that closes the first Monday in June. Tax lien certificates for properties with delinquent taxes, sewer bills and/or other assessments will be auctioned to the highest bidder.

The sale is held online via Real Auction. For more information you may visit https://cecilcountymd.realtaxlien.com. Prospective bidders may pre-register online for the sale by Friday, May 28th, 2021 at 4:00 PM ET. You must pre-registered on the website in order to be able to bid. All bidders must establish their eligibility for bidding by presenting satisfactory evidence of the legal existence of the bidding entity and identify a single agent to bid for that entity.

The County will use the Bid Premium method per Section 14-817(b)(2)(i) of the Tax Property Article of the Annotated Code of Maryland.

On Monday, June 7th, 2021 the auction will close at 12:00 PM ET, successful bidders must pay all taxes and fees then due, including any applicable bid premium by 4:00 PM via ACH. The Cecil County Tax Collector's Office must receive the balance of bid prior to issuance of a deed. The successful bidder will earn interest at the rate of 1% per month (12% per year) from day of tax sale until the property is redeemed. Any property not sold at Tax Sale is, by law, purchased by the County. These properties may be purchased through the Cecil County Tax Collector's Office. The County does not publish a list of such properties, nor does it maintain a mailing list.

Effective June 1, 2007, applying to all properties sold at tax sale thereafter, the rate of redemption on properties sold at Cecil County's annual tax sale shall be 12% (1% per month).

Property owners may redeem their property any time prior to the issuance of a court decree foreclosing the right of redemption. All redemption fees must be paid by cash, certified check, money order or certain credit cards. For properties sold after June 1, 2007, if the property is redeemed between the date of tax sale and June 30, the property owner must pay the amount paid by the bidder at tax sale plus 1% interest. Property owners who choose to redeem after June 30, must pay all fees from tax sale, additional interest at the rate of 1% per month and any new taxes and/or sewer bills, including the new tax year bill of July, that have accrued.

 

If you redeem your property more than four (4) months after the date of tax sale, and before an action to foreclose the right of redemption is filed, the holder of the certificate of sale may be reimbursed for:
   1. Attorney's fees for recording the certificate of sale;
   2. A title search fee, not to exceed $250;
   3. The postage and certified mailing costs for required notices; and
   4. Reasonable attorney's fees, not to exceed $500.

 

If you redeem your property after an action to foreclose the right of redemption has been filed, the amount that shall be paid to redeem the property is the sum of:
   1. The total lien amount on the property at the time of sale, with interest;
   2. Any taxes, interest, and penalties paid by the holder of the certificate of sale;
   3. Any taxes, interest, and penalties accruing after the date of the tax sale; and
   4. Attorney's fees and expenses to which the holder of the certificate of sale may be entitled under §14-843(A)(4) and (5).

We are further required to advise you of the provisions of §14-843(a) as it appears in the Code.

Purchasers can begin foreclosure proceedings six (6) months and one (1) day from the date of sale and have up to two (2) years to start these proceedings.

 

 A. Important Information
   1. The sale is advertised in a local paper of general circulation for 4 weeks prior to the sale.
       This year, the sale will be advertised in the Cecil Whig.
   2. Registration is open for prospective bidders online at https://cecil.marylandtaxsale.com/.
       There is a $100.00 nonrefundable bidder registration fee.
       Registration is open from Friday, May 14th, 2021 at 12:00 PM ET until Friday, May 28th, 2021 at 4:00 PM ET.
   3. The amount of taxes, interest and other associated fees are due the day of the sale by 4:00 PM via ACH plus any applicable bid premium.
       See below for Bid Premium information.
       The balance of bid will be required upon foreclosure
   4. Online bidding begins Tuesday, June 1st, 2021 and closes Monday, June 7th, 2021 at 12:00 PM ET.
       Cecil County will use the bid premium method as per Section 14-817(b)(2)(i) of the Tax Property Article of the Annotated Code of Maryland.
   5. The bid premium system was designed to curb the excessive and chaotic bidding that has occurred in several jurisdictions throughout the state.
       If the successful bid exceeds 40% of the full cash value of a property, the bidder will be required to pay a 20% premium on the amount by which the bid exceeds that 40%.
       For example if the full cash value is $150,000 and the high bid is $70,000, the buyer would pay a premium of $2,000 calculated as follows:
       40% of $150,000 (full cash value) = $60,000. $70,000 (bid) minus $60,000 (40% FCV) = $10,000. 20% of $10,000 = $2,000.
       The bid premium will be returned without interest to the buyer if the tax sale certificate is redeemed or if foreclosure is executed within 2 years of tax sale.
       If the property is neither redeemed nor foreclosed, the County retains the bid premium.
   6. Immediately after the sale, you will be issued a cash receipt showing the amount paid. In a few weeks, you will receive a Certificate of Sale for Unpaid Property Taxes
   7. The successful bidder may begin foreclosure proceedings six months from the date of tax sale if the owner has not redeemed the property.
       Upon foreclosure, the balance of bid is due to the County.
       The County will not handle foreclosure proceedings and it is suggested you contact your attorney for additional information.
   8. If a property is not sold at tax sale, it may be purchased over the counter. However, in recent years all liens have been sold at tax sale and we expect this trend to continue.

James P Appel
Director of Finance
Cecil County, Maryland
Cecil County, MD Tax Sale - 2021

 

Summary of Important Information

 

  Bidder Accounts  
  Allow foreign bidder registrations     No
  Single simultaneous bidder rule     No
 
  Auction Information  
  Bidding style     Direct Bid Auction
  Live Bidding or Sealed Bidding Open Live Bidding
  Maximum High Bid No
  High-Bid Premium Yes
 
  SubAccounts  
  Allow sub-accounts     No
  Automatic certificate rollup / rollup fee   --- ---
 
  Auction Dates and Times  
  Registration begins (site opens)**     05/14/2021 at 12:00 PM ET  
  Registration fees and Budgets begin     05/14/2021 at 12:00 PM ET  
  Bidding begins     06/01/2021 at 12:00 PM ET  
 
  Registration fees end       05/28/2021 at 4:00 PM ET   
  Participation Requirements         Set a budget  
  Pay the registration fee  
  
  Participation Requirements Due Date     05/28/2021 at 4:00 PM ET   
  Registrations end     05/28/2021 at 4:00 PM ET   
   
  First batch closes     06/07/2021 at 9:00 AM ET   
  Batch closing interval     60 Minutes
  Last batch closes     06/07/2021 at 12:00 PM ET  
   
  Auxiliary batch opens     N/A
  Auxiliary batch closes     N/A
   
  Payment due date     06/07/2021 at 4:00 PM ET   
 
  Budget, Deposit and Payment Information    
  Deposit or Budget required (% of estimated winnings)     100%
    
  Registration Fee     $100.00
  Registration Fee Refundable      No
  Registration Fee Applied to Winnings      No
   
  Deposit / Payment types acceptable:   Deposits Payments
      Budget    Yes ---
      ACH    Yes No
      ACH auto-debit final payment    --- Yes
      Wire transfers   No No
      Counter payments   No No
 
  Redemptions available via ACH?   No
 
  Public Access  
  Public computers available?   No
 
  ** Subject to change. The site will open when approved by the County.  

 

For an explanation of any of the terms above, please visit the FAQs.

 

 

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