Pub. 9 2018 Issue 4

Winter 2018 23 West Virginia Banker ADVERTISING � in your association’s trade journal is a solid approach to business development. Business publications are rated the first choice for staying in touch with what’s going on in their sector by % of decision makers. % of managers would recommend to people starting a career in their sector to read the business publications. A recent Nielsen Catalina study shows an average ROI of $ . for every $1.00 spent on print ads. Almost half of those surveyed preferred to look at an ad in print, and only in preferred to see that same ad in a digital version. And no one wanted to see it in an app. Print is tangible, it’s engaging, it’s readable, but most of all… it works! By way of example, let’s say the 2017 real property taxes, which became due September 1, 2017 and March 1, 2018, were not paid. These would be included in the delinquent lands list published 30 days before the sale date falling between October 14, 2018 and November 23, 2018. Step 3. Certification of sale to Auditor and issuance of Certificate of Sale W.Va. Code § 11A-3-9 [2010] After sale, the sheriff prepares a list of all tax liens sold, suspended from sale, redeemed before sale, or certified to the State Auditor. The Sheriff certifies to the State Auditor for issuance of a Certificate of Sale the real property for which a tax lien was sold. § 11A-3-8 [2010] The contents of a Certificate of Sale are found in § 11A- 3-14. The tax certificate serves as a lien against the real property for a period of no longer than 18 months after the original issuance of the tax Certificate of Sale. § 11A-3-18 [2013] If no tax deed is sought or issued within the 18 month period, the purchaser of the tax lien forfeits all rights to a tax deed. § 11A-3- 18(b) [2010] If the tax lien is not purchased at auction, the sheriff certifies the real estate to the State Auditor for disposition pursuant to § 11A-3-44. The real estate remains subject to a right of redemption. The sheriff publishes the list of all sales and certifications within one month after completion of the sale. § 11A-3-13  To be Continued In the next issue of the West Virginia Bankers Magazine, we will pick up with the next step, which are the requirements the tax purchaser must meet to have a tax deed issued. The outline will continue through issuance of the tax deed. The grounds to set aside a sale of tax liens may be addressed in a further issue. Debra Lee Allen is the co- chair of Spilman’s Consumer Finance Practice Group. Her primary areas of practice are commercial finance litigation, general business litigation, bankruptcy, and loan workouts and commercial foreclosures. She can be reached at 304.291.7951 or dallen@ spilmanlaw.com. Real property taxes, and more particularly the sale of tax liens, can become an issue in a commercial workout. If the taxes have not been paid, then has the tax lien been sold or when will it be sold? Our firm is independent and community focused like the banks we choose to serve! Our team is seasoned and dedicated! Our service approach is first rate! 888.272.7351 | sek.com Kris@thenewslinkgroup.com thenewslinkgroup.com | (v) . .