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What happens to property when no one raises the Countys opening bid at a Tax Foreclosure Sale?

April 26, 2017bid Countys foreclosure happens opening Property raises sale tax

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What happens to property when no one raises the Countys opening bid at a Tax Foreclosure Sale?

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A. If no initial or upset bid is submitted on the Tax Foreclosure property, Cumberland County and/or the City of Fayetteville will be confirmed as the winning bidder and such property may be sold at a later date.