Quick Update: 218 Dillard AND Roxboro Parcels Today
A night-before communication by the city real estate office to a resident of Cleveland-Holloway confirms that BOTH 218 Dillard St. and the Roxboro Parcels open to bidding today. My understanding of the process is this:
1) If you are not a slumlord, call the Real Estate office at 560-4197. If you are a slumlord, call 683-9696. (Trying to be funny here. The first number is the one to call.)
2) Submit a bid. No clarification as to how to actually do this, but maybe they can tell you on the phone. It does not appear that there is a minimum bid, but your bid must exceed the previous bid by a certain percentage.
3) In ten days, the 'leading' bid will be publicized through some arcane process. There will be 10 days to submit an 'upset' bid, which must exceed the existing bid by a certain percentage.
4) Continue until bidding stops. City council then decides whether to accept or reject bids.
This may not be completely accurate, FYI - but it's what I can decipher.
Update: I received the following forms from the real estate office. Click to download.
HS Ad
Offer to Purchase Dillard
Roxboro Plat
Public Brochure
Offer to Purchase Roxboro
Map Dillard
Map Roxboro
Public Brochure
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6 comments:
What's the definition of a slumlord? And, seriously, what's the difference between the two numbers?
And what is happening at 501 Oakwood? The H-S reported last Saturday that the property owner hadn't completed a deal with the city. And the Independent reported Wednesday that he only paid $10,000 for the house in April.
The unannounced destruction of 605 Holloway is ominous for 501 Oakwood.
It was a joke, John. The second number is Time and Temperature.
I received an email that 501 Oakwood has been purchased by Tim Mack - a realtor. I am trying to get some independent confirmation, given the twists and turns with this property.
GK
You need to be careful about your jokes. In Durham it's hard to tell reality from satire.
I'm glad you posted this: I was looking for the time and temperature number the other day and couldn't find it. Maybe you should have put down the Durham Police non-emergency number instead. :)
In Durham it's hard to tell reality from satire.
You say that like it's a bad thing.
Nope, I say that like it's a difficult thing.
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