HANFORD — Want to snap up a piece of property in Hanford or Lemoore dirt-cheap?
A scheduled public internet sale of tax-defaulted property in Kings County might be your chance.
The property includes parcels for which the owners haven't paid property taxes in five years or more.
County supervisors are expected this week to approve the sale of 76 such properties, to be offered to the public at an internet sale tentatively scheduled for March 10-14, according to Rebecca Campbell, assistant county administrative officer.
The sale will take place at www.Bid4Assets.com.
There is a minimum bid for each piece of property. Each property has a different minimum bid.
The minimum bids are set high enough for the county to pay for the cost of the auction and to recoup unpaid property taxes for each parcel, according to county documents.
The minimum bid for the lot and home at 610 Hill St. in Lemoore, for example, is $34,300.
The last owner of the property at 610 Hill St. is listed in county documents as "Rosa G. Pulido Estate," which likely means the previous owner of the property has died.
While this auction is scheduled to be online-only, some of the auctions in the past have been held at the Kings County Government Center on Lacey Boulevard, according to Campbell.
"There's always a group of people who show up," she said.
County Supervisor Craig Pedersen said the parcels are most likely "distressed property."
Pedersen said that if there was a bank loan attached to the property and the owner defaulted on it, bank officials would likely pay the taxes, take the property and try to sell it themselves.
Pedersen said there could be some good deals at the upcoming county auction.
"It's going to probably be sold for pennies in the dollar," he said. "I'm sure there's been a diamond in the rough or two for people who pay attention to the notices. It's going to be sold one way or the other."
The parcels could be vacant lots with nothing on it or lots with a home or other structure included.
Before the county puts a property up for auction, the owner has up to a deadline of March 9 to pay the delinquent property taxes, according to Campbell.
If the properties go up for auction and no bids are received, county officials can reduce the minimum bid and try to re-sell the properties.