| |  | A Special Assessment sale is held for parcels that are delinquent in the payment of assessments owing to the County. As soon as any assessment of installment becomes delinquent, the parcel is marked delinquent. Within 60 days thereafter, the Board of County Commissioners (BCC) will direct the Treasurer to give notice of the sale. |
| | | The Treasurer's Office sales on delinquent assessment parcels are held four (4) times a year. Generally, the sales are held during the last week of January, March, July, and September. The schedule of sale dates and times is continually updated on our website. The Treasurer's Office reserves the right to change the number of sales held each year. |
| | | A statement of the time and place of the sale is contained within the published notice, and is also on our web site. Generally, Clark County sales are at 11:00 am. If the entire list of sale parcels is not completed the first day of the sale, it will be continued on the following business day at a time determined by Clark County. Only the registered buyers from the first day of the sale will be eligible to participate in the continuation on the following business day. |
| | | Most sales are held at the Clark County Commission Chambers at the Government Center, 500 S. Grand Central Parkway, Las Vegas, Nevada. The location will also be published in the Las Vegas Review Journal and on our web site; however the sale may take place at any convenient location within the County as selected by the Treasurer's Office. |
| | | The list of parcels eligible for sale will be posted on the Clark County Treasurer's website approximately 3 weeks prior to the sale. Additionally, the list will be published in the Las Vegas Review Journal, once a week, for three consecutive weeks prior to the sale date. During the publication period and up to the sale date, properties can be removed from the sale list based on payments received and other circumstances deemed necessary (Bankruptcy) by the County. Therefore, the final number of properties at the sale may be less than published. |
| | | A Certificate of Sale is a lien certificate issued on a property that is sold for non payment of a special assessment and recorded in favor of the Certificate Purchaser. The name of any individual listed on the certificate of sale must be at least the age of majority as defined in NRS 129.010. |
| | | The Purchaser is only purchasing the assessment lien on the property. This does not give the Purchaser ownership, access, or legal rights to the property in any way. |
| | | Within 60 days after an assessment installment becomes delinquent, the Board of County Commissioners will direct the County Treasurer to give notice of the sale of properties subject to the assessment lien. |
| | | At any time prior to the day of sale, you may pay the amount of the delinquent installment(s), with accrued interest, all penalties, and collection costs, including but not limited to attorney's fees. Receipt of the payment will restore the right thereafter to pay in installments in the same manner as if the delinquency had not occurred. |
| | | Payment must be RECEIVED prior to the day of sale
Postmarks will not be accepted Payments should be made payable to Clark County Treasurer-SID. All payments must be in the form of certified funds from a United States bank (certified bank check, cashier's check, money order - personal checks and credit cards are not accepted). To avoid a delay in posting your payment, please include your parcel number with the payment. To make a payment by mail, send certified funds to our Lockbox address:
Clark County Treasurer - SID
File 57254
Los Angeles, CA 90074-7254 Send overnight payments to the Treasurer's Office at:
Clark County Treasurer - SID
Attn: Special Improvement Districts
500 S. Grand Central Parkway, 1st Floor
Las Vegas, NV 89106 Alternatively, payments may be made in person at the Clark County Treasurer's Office |
| | | On the day of the sale, the whole amount of the unpaid principal becomes due to the County. For example, if the current delinquency amount due is $700.00, consisting of $130 in principal, $70 in interest, $220 in penalties, and $280 in foreclosure fees, and the unbilled principal is $2,500, the amount due on the day of the sale is $3,200 ($700 + $2,500). | Amount due prior to the sale date | Amount Due on Day of Sale before the sale starts* | | Installment Principal: $130.00 | Installment Principal: $130.00 | | Installment Interest: $70.00 | Installment Interest: $70.00 | | Late Penalties: $220.00 | Late Penalties: $220.00 | | Foreclosure Fees: $280.00 | Foreclosure Fees: $280.00 | | Total Amount Due: $700.00 | Unbilled Principal: $2,500.00 | | | Total Amount Due: $3,200.00 |
*The Treasurer's Office MUST receive payment no later than 1 hour before the sale begins. |
| | | After the sale, a certificate of sale is prepared and recorded. This document is a public record and accessible through the County Recorder's Office, generally within 10 business days after the sale. A post sale courtesy letter is also sent to the property owner. Additionally, at the conclusion of the sale, the Assessment Management Group (AMG) website is updated to report that the assessment lien on the property has been foreclosed on and to contact AMG for the current redemption figures and dates. |
| | | To redeem your property, payment must be made the Clark County Treasurer - SID in the amount for which the certificate of sale on the property was sold, plus (simple) interest thereon at a rate of 1% per month, together with all taxes and special assessments or installments thereof, interest, penalties, costs and other charges thereon paid by the purchaser since the sale (also accruing 1% interest from the time of the payment(s) through redemption). |
| | | The current redemption amount can be obtained by contacting AMG at (702) 455-6478 or via facsimile (702) 796-8826. The amount to redeem will change depending on the redemption date (date the payment is RECEIVED-not postmarked) and any additional allowable payments made by the certificate purchaser that have been added to the certificate of sale. |
| | | The redemption period is 120 days, unless on the date of sale there was a permanent residential dwelling unit or any other significant permanent improvement on the property, then the redemption period is 2 years. |
| | | If a third party such as a mortgage company redeems the property for you, you still may be liable to the third party for the amount of the redemption. |
| | | A lien release will be recorded and mailed to you by the Treasurer's Office at the mailing address on record. |
| | | The Certificate of Sale is sold for the total amount due, including the unpaid principal, accrued interest (installment & penalty), and costs. At the option of the County some certificates may be sold for the delinquent installment amount only plus accrued interest, penalties, and costs. |
| | | No. The purchaser of any certificate of sale acquires a lien on the property. If no redemption is made within the specified period of redemption pursuant to NRS 271.595, the purchaser may request a deed to the property upon proper notification to the owners. It is very important that you understand that purchasing a Certificate of Sale does not give you any right to the property. You have no right to mow, cut trees, or even set foot on the property. |
| | | It is the purchaser's responsibility to be informed on when the next installment is due. The County will commence sale proceedings again if the next installment becomes delinquent. |
| | | The list contains the name of the owner of record, special improvement district (SID) number(s), a brief description of the property, including the parcel number and situs address, as well as the amount due prior to the sale date and the amount due on the day of the sale. |
| | | You may research the Clark County Assessor and Clark County Recorder for additional information on the properties. Lien information is not in the Assessor records. Other information about the parcel is. We recommend that you complete your due diligence prior to the sale date. You may also want to contact various County or City zoning/planning departments. The County assumes no liability for any other possible liens, encumbrances or easements, recorded or not recorded. Any costs incurred by the Purchaser during the research process will be borne by the Purchaser. |
| | | No. Prospective certificate purchasers have the responsibility of doing their own research as to the specifics of what they are buying and whether they can use the property for their intended purpose should redemption not be made and a deed is requested by the holder of the certificate. The County does not guarantee the current, future, or potential use and/or condition of the property, nor assume any responsibility for conformance to codes, permits or zoning ordinances. You are strongly encouraged to inspect the property before investing. The burden is on the investor to thoroughly research, before the sale, any matters relevant to his or her decision to purchase a Certificate of Sale. |
| | | Yes. Certificates of Sale are sold at the public sale location only and you must be present to register and participate. Eligibility - Only one registration is allowed for each person in attendance.
- Only the name on the picture ID provided at registration will be used as the recorded name on the certificate of sale.
- You must be of legal age (18) to participate in the sale.
- Friends and family members are not allowed to register for you.
- Late arrivals will not be able to participate.
- County employees who would have a real or apparent conflict of interest may not participate.
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| | | You must show valid government issued photo identification with your current mailing address and fill out the buyer registration form. Each eligible person may complete one buyer registration form. You will be given a blank W-9 form to be completed and submitted if you are a winning buyer (or 1st or 2nd alternate). |
| | | Registration takes place on the day of the sale, approximately one hour prior to the sale. The name on the buyer registration card is the ONLY name in which the certificate of sale will be issued and recorded. The name of any individual listed on the certificate of sale must be at least the age of majority as defined in NRS 129.010. |
| | | There is no registration fee at the present time. However, the County reserves the right to charge a fee in the future. |
| | | All registered buyers will receive a buyer number. A computerized random number generator will select the 'winning' buyer for each parcel on the sale list. First and second alternates will also be selected for each parcel from the random number selection. The winning buyer and first and second alternates will be asked if they are interested in purchasing the certificate on the parcel. Numbers will continue to be selected until three interested buyers are identified. |
| | | Yes. For each parcel on the sale list, all buyer numbers are eligible for selection. Buyer numbers may be selected more than one time, however not for the same parcel. |
| | | The winning buyer must pay by 10:00 a.m. the business day following the sale of the property at the Clark County Treasurer payment window, located on the 1st floor of the Clark County Government Center, 500 S. Grand Central Parkway, Las Vegas, NV. If the winning buyer has not paid or is in line by 10:00 a.m., they are ineligible for the purchase of that Certificate of Sale. |
| | | Parcels that have not been paid for by 10:00 a.m. will be offered to the first alternate at starting at 10:01 a.m. Payment by the first alternate must be received by 2:00 p.m. on that date. Starting at 2:01 p.m., if the parcel has not been paid, the second alternate is contacted. Payment by the second alternate must be made by 5:00 p.m. that day. The Treasurer's Office reserves the right to change the times for the first and second alternates. If the winning buyer, 1st or 2nd alternate informs the Treasurer's Office that they are not interested in purchasing the certificate, the 1st alternate may be contacted and so on. |
| | | Payment must be in the form of cash or cashiers check, or money order in US dollars from a United States bank made payable to the Clark County Treasurer - SID, accompanied by a completed W-9 form. Personal checks, debit and credit cards are not accepted. |
| | | The certificate purchaser must complete a W-9 form to comply with IRS reporting requirements for interest income. For each certificate of sale redemption with greater than $10 interest paid, the certificate purchaser will be issued an IRS 1099-INT form from Clark County based on the calendar year the redemption check is issued. |
| | | If the winning buyer, 1st and 2nd alternates do not pay by the designated times, the certificate will be sold to the first person providing payment at the Treasurer's Office window beginning at 8:00 a.m. on the next business day. If the certificate remains unsold by 12:00 noon, the certificate will have been deemed to be sold to the County, and the certificate of sale will be issued in the name of Clark County. After the County's certificate has been recorded, the Treasurer's Office may then sell the certificate, over the counter (at the Treasurer's front counter), to any interested party for the sale amount plus 1% interest for each month that Clark County holds the certificate on the property. |
| | | The interest rate is 1% per month on the certificate sale price from the day of the sale (12% per annum) for each month the Certificate of Sale remains outstanding. The monthly interest earned on the certificate purchase amount (simple interest) is calculated for a full month from the date of the sale. Monthly interest is also earned on upon subsequent payments of taxes and special assessments interest, penalties, costs and other charges from the date of payment of respective amounts for each month the certificate of sale remains outstanding. |
| | | No. Interest earned, along with the certificate sale price and any other fees are not paid to the certificate holder until redemption is made to the Treasurer's Office. |
| | | Clark County makes every attempt not to sell a parcel that has a stay in bankruptcy. We recommend that you contact your attorney for any recourse you would have should the property owner file bankruptcy after you have purchased the certificate of sale or if the County had not been made aware of a bankruptcy prior to the sale. |
| | | In the event that the mortgage company of the property owner is in bankruptcy, Clark County will make a good faith attempt to identify this situation and remove the parcel from the sale. |
| | | If a property on the sale list involves loans made by a bank in FDIC receivership, Clark County will proceed with the sale of a certificate of sale. The FDIC's position is that its lien will NOT be extinguished by the certificate of sale or in the event of a redemption period expiration, the County issuance of a deed to the certificate holder. |
| | | If a property on the sale list is owned by a bank in FDIC receivership, Clark County will make a good faith attempt to not include the property in the sale. If it is learned subsequent to the sale that a property was owned by an institution in FDIC receivership prior to the sale, Clark County will refund the purchase amount and no interest will be paid. |
| | | Yes. The Certificate of Sale is recorded in the Clark County Recorder's office. The original certificate will be mailed to the purchaser after it is recorded to the mailing address on record. |
| | | Yes. There are no restrictions on the sale, assignment or transfer of a certificate of sale to another party. The certificate purchaser should provide the original recorded certificate of sale endorsed over to the new certificate purchaser, as well as written confirmation that they are relinquishing their interest in the certificate to the acquiring party. We highly recommend that the acquiring party record the transfer transaction and notify the Treasurer's Office in writing to ensure proper payment of the redemption. No reassignments can occur on the sale date. |
| | | Yes, the purchaser may pay delinquent real property taxes subsequent to the sale and have the amount added to the Certificate of Sale. Per NRS 271.595 1(b) written notice and receipts for delinquent tax payments must be provided immediately to the Treasurer's Office - SID Desk in order for the amount to be added to the certificate of sale and, therefore, eligible for reimbursement and 1% monthly interest. |
| | | The certificate holder may incur costs associated with the notification procedures related to requesting the deed to the property. However, the County cannot determine what, if any, additional costs the purchaser may incur. Reasonable costs associated with giving notice by process server or publication may be added to the certificate prior to the date of redemption, and will earn 1% interest from the date of payment of respective amounts for each month the certificate of sale remains outstanding. It is the certificate holder's responsibility to notify in writing and provide the Treasurer's Office - SID Desk with receipts of the costs as soon as the expense is incurred. |
| | | Payments are generally made within 30 - 60 days upon receipt of the redemption amount. Interest stops accruing on the date the redemption payment is received by the Treasurer's Office. Payment will be to the party/parties recorded on the certificate of sale from the buyer registration form. The tax identification number provided on the W-9 form must be for the party/parties on the buyer registration form, and will be used for tax reporting purposes to the IRS. |
| | | If no redemption is made within the applicable redemption period, the certificate purchaser or his assigns may demand a deed to the property. The burden of proof is on purchaser of the certificate to provide evidence that the redemption period is not 2 years. No deed may be executed by the County Treasurer until the holder of the certificate of sale has completed a diligent search and properly notified the owners of the property and that he holds the certificate and that he will demand a deed therefor. The notice must be given by personal service upon the owner. However, if an owner is not a resident of the State or cannot be found within the State after diligent search, the notice may be given by publication. The notice and return thereof, with the affidavit of the person claiming a deed, showing that service was made, must be filed with the treasurer. If redemption is not made within 60 days after the date of service, or the date of the first publication of the notice, as the case may be, the holder of the certificate of sale is entitled to a deed. The deed must be executed only for the property described in the certificate, and after payment of all delinquent taxes and special assessments, or installments thereof, whether levied or assessed before or after the issuance of the certificate of sale. |
| | | Notice of the certificate holder's intention to request a deed to the property must be given to the property owner after the end of the redemption period defined in NRS 271.595(1). The property owner then has 60 days from the date of service or the date of first publication of the notice in which to redeem the property. |
| | | The notice must be given by personal service upon the owner. Personal service means in-hand delivery of the papers to the proper person. Certified mail does not suffice. (Suggestion: Process Server). If the owner is not a resident of Nevada, or cannot be found within the state after diligent search, the notice may be given by publication. Diligent search requires more than one attempt to locate the property owner. You must document your efforts to locate the property owner. Notice by publication is defined by NRS 271.190 and includes publication at least once a week in a newspaper of general circulation in the County. The publication must be verified by the affidavit of the publisher. |
| | | All efforts must be documented and submitted as an affidavit. The certificate holder must make more than one attempt to locate the property owner. If they do not reside at the address of record you must try to locate them by other methods. You may search the telephone directory; contact the Secretary of State's office for information on business or corporations, etc. |
| | | The notice should clearly state that the purchaser holds the certificate of sale and that he will demand a deed to the property, if redemption is not made within 60 days after the date of service, or the date of the first publication of the notice. You must follow NRS 271.595 and are encouraged to seek your legal counsel to ensure the notification steps are followed accordingly, as the deed is not issued until all of the information you submit is reviewed and approved by the District Attorney's office. The Treasurer's Office will not issue a deed until all information is reviewed by the District Attorney's office. Minimum information required in the notice Pursuant to NRS 271.595, as of ___(date)___,___(name of person giving notice (i.e. certificate holder))__, hereby gives notice of intent to exchange Certificate of Sale for Deed to Property regarding the following: Parcel number 000-00-000-000, Clark County Special Improvement District # ____, owned by ___(property owner of record)___, described as: ___(Assessor description)___. A request for Deed to the Property will be made on ___(end of 60 day notice)___. Documentation to turn into the Treasurer's Office - Certificate of Sale (original)
- Notarized Statement (steps taken to notify property owner)
- Copy of Notice to Property Owner Affidavit of Notice (proof of service on property owner)
- Affidavit of Search (if unable to locate, what did you do to locate the property owner)
- Affidavit of Publication (proof of publication)
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| | | Clark County will issue a deed to the certificate holder upon completion of required notice to owner, submission of proof of notice documentation to Treasurer's Office, and upon payment of any delinquent taxes and special assessments. The County District Attorney's office will review all documentation prior to the issuance of a deed. The Treasurer's Office will prepare and record the deed. |
| | | No. Some governmental liens and other encumbrances may remain. Additionally, if a property on the sale list involves loans made by a bank which is in under Federal Deposit Insurance Corporation (FDIC) Receivership, the FDIC's position is that its lien will not be extinguished. |
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