how to get more bank in the game township

With trump bids, land banks have authority to acquire the judicial sale properties by paying the starting bid.Īdvocates say this trump bid power prevent blighted properties from ending up in the hands of tax sale buyers who may not commit to needed repairs or demolition. Thursday’s auction, formally known as a judicial sale, sells properties cleared of liens and back taxes because they were not purchased at a first-stage upset sale. More recently, Hazleton City created a land bank, followed by formation of the Lower South Valley Land Bank that includes Ashley, Nanticoke, Wilkes-Barre, Kingston and the townships of Newport and Hanover. The North East Pennsylvania Land Bank Authority covering Pittston area communities has been in operation for years. The revelation they were no longer available for public sale prompted behind-the-scenes complaints from some regular tax sale bidders this week.Īuthorized by 2012 state legislation, land banks take possession of rundown parcels and attempt to get them back into productive hands.

Eighteen properties have been removed from Thursday’s Luzerne County free-and-clear delinquent tax auction because land banks have exercised their authority to acquire them through “trump bids,” the listing shows.

How to get more bank in the game township