New Orleans Redevelopment Authority (NORA) will auction 118 properties in a Citywide Online-Only Auction, open to the public. Bidding for this auction will begin on Monday, August 23 at 8:00 AM and end between noon and 6pm the following day. The properties will sell as-is, where-is to the highest bidder. The minimum bid allowed is $4,000.
“As with our previous auctions, we are continuing to receive hundreds of inquiries. We are excited to make available this next pool of properties through this online auction event,” — Brenda M. Breaux, NORA’s Executive Director.
From NORA's press release:
Winning bidders are required to rehabilitate or complete construction of the property as a residence within 365 days and maintain the property in accordance with the City of New Orleans’ Code of Ordinances. The requirement to maintain the property begins immediately after closing through completion of the rehabilitation or construction. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.