FOR IMMEDIATE RELEASE
August 12, 2020
New Orleans Redevelopment Authority to Auction 130± Properties In Citywide Online-Only Auction
The auction is open to the public. Anyone can register to bid on the properties.
NEW ORLEANS, LA - The New Orleans Redevelopment Authority (NORA) is conducting another ONLINE-ONLY auction of 130± structures and vacant lots located citywide. Bidding for this auction will begin on Tuesday, September 29, 2020 at 8:00 AM and end between 12:00 NOON and 7:00 PM on Wednesday, September 30, 2020.
The properties will sell “AS-IS, WHERE-IS” to the highest bidder. Properties are subject to a minimum bid price of $4,000 per property. There will be a Buyers’ Seminar on Wednesday, September 16, 2020. This event will be done virtually. Look for further instructions as the event date approaches.
On Friday, September 20, 2020 structures will be open for inspection. Please visit www.hilcorealestate.com/NORA for exact times and instructions.
“As with our previous auctions, we are continuing to receive hundreds of inquiries. We are excited to make available this next pool of properties through this online auction event,” stated Brenda M. Breaux, NORA’s Executive Director.
Winning bidders are required to rehabilitate or complete construction of the property as a residence within 365 days and maintain the property in accordance with the City of New Orleans’ Code of Ordinances. The requirement to maintain the property begins immediately after closing through completion of the rehabilitation or construction. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.
For more information and to pre-register, please contact Fernando Palacios at 504-233-0063 or visit www.hilcorealestate.com/NORA.
