For Hometown News
ST. LUCIE COUNTY -- Bidders from around the world will soon be able to purchase foreclosed properties in St. Lucie County. Starting Sept. 3, the St. Lucie County Clerk's office will begin conducting foreclosure sales online.
The new process will allow bidders to submit deposits electronically and view upcoming auctions, bidding history, auction results and more. The interactive site will also allow users to easily research properties, case details, and legal descriptions without having to search through the court records database.
"The new sales format will make it easier to research and bid on properties from the convenience of your home or office," said Joseph E. Smith, St. Lucie County Clerk of the Circuit Court. "The process will be more transparent, accessible, and efficient."
By switching from in-person to online foreclosure auctions, Mr. Smith expects to save taxpayers an estimated $30,000 in operating costs annually. The added efficiency will allow his staff to dedicate more time toward processing the county's 7,800 properties currently in foreclosure.
The online sales compliment the new electronic filing of civil cases and documents, which has been increasing processing of many cases and is expected to save $100,000 in operating and printing costs annually.
ClerkAuction, the online system currently operating the Clerk's tax deed sales, will also manage the foreclosure auctions. On Aug. 5, foreclosure auctions will start being posted on the site, https://stlucie.clerkauction.com. Bidders can register now and begin placing deposits.
The Clerk's office has scheduled three information sessions to help bidders understand the new process. Any member of the public is welcome to learn more about the new foreclosure sales process by attending an in-person information sessions at the Clerk's fifth floor conference room at 201 S. Indian River Drive in downtown Fort Pierce.
To register for a session, visit http://slcbidder.eventbrite.com. Due to space limitations, attendance is by registration only.
July 30, at 10 a.m. and 2 p.m.
July 31, at 10 a.m.
Demos and instructions on how to use ClerkAuction for foreclosure sales will be available on the auction site starting Aug. 5. It's important that bidders understand the process and fully research the property prior to making a bid.
The sessions will be administered by Grant Street Group, the facilitator of the online foreclosure auctions. The company provides online auction services for government and private financial institutions around the world. As established by Florida law, there will be a $60 fee charged to each winning bidder. That fee offsets the cost of contracting with an online foreclosure provider.
For the latest figures on newly foreclosed or purchased properties, download the June housing report.
For more information, visit www.stlucieclerk.com