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NORA News

NORA TO AUCTION 130+ PROPERTIES MARCH 23 2013

FOR IMMEDIATE RELEASE
February 25, 2013

Media Contact: Jasmine J. Haralson Director of External Affairs 504.658.4421 .(JavaScript must be enabled to view this email address)

New Orleans Redevelopment Authority to Auction 130+/- Properties
City Wide
Selling Absolute to Highest Bidder

The auction is open to the public with no restrictions. Anyone can attend and bid on the properties.

NEW ORLEANS, LA – The New Orleans Redevelopment Authority (NORA) has partnered with Ameribid, LLC to auction 130+ properties on Saturday, March 23, 2013 at 11 a.m. Registration will begin promptly at 9 a.m. The auction will be held at the New Orleans Ernest N. Morial Convention Center, 900 Convention Center Boulevard Entry I, Room 293.

Properties will sell absolute to the highest bidder regardless of price. NO MINIMUM, NO RESERVE. Interested bidders are encouraged to visit http://www.ameribid.com/NORA for property information and pre-registration instructions.

Properties include single family homes, doubles and vacant lots. The properties are located in Lakeview, New Orleans East, Holy Cross, Gentilly, Seventh Ward, St. Roch and Uptown. A non-refundable minimum deposit of $1500.00 or 10% of the winning bid price will be required as the Minimum Required Deposit. The deposit is due on the day of the auction and must be in form of a cashier’s check, cash or certified funds. There is no cost to bid and no Buyer’s Premium. There will be a Buyer’s Seminar on Tuesday, March 5, 2013 7 p.m. at Dryades YMCA; 2220 Oretha Castle Haley Blvd. Registration begins at 6:30p.m.

There are 20+/- structures that will be open for inspection prior to the auction on Saturday, March 9, 2013. Please visit http://www.ameribid.com/NORA for exact the time and instructions.
“We have received hundreds of inquiries since launching our online database of properties. We are excited to make available the next pool of properties that garnered the most interest,” said Jeff Hebert, NORA’s Executive Director.
Winning bidders will agree to rehab or begin construction on the property within 365 days and keep it code compliant. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.
For additional information, please call 866.575.6131 ×907 or visit http://www.ameribid.com/NORA

FAQs
http://www.ameribid.com/NORA2013/docs/NORA2-APPROVED-FAQ-2%2025%2013.pdf

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The New Orleans Redevelopment Authority is a catalyst for the revitalization of the city, partnering in strategic developments that celebrate the city’s neighborhoods and honor its traditions.