New Orleans Adjudicated Property Auction Questions

[Cory Cheramie]

Hey everyone, I am a real estate agent in New Orleans, but I am relatively new to the investing side of things, so I am hoping that someone can help me understand this particular topic a bit better...

I am looking to invest in adjudicated properties in New Orleans through CivicSource, which I understand is supposed to be safer than investing in tax certificates or liens, since the adjudicated properties are advertised as being sold with clear title and title insurance.

I've read quite a few negative articles from around the time the city starting using CivicSource back in 2015, so I'm wondering if anyone has any recent positive experience with this type of investing? Are adjudicated property investments really as "safe" as CivicSource and the city advertise them to be?

Any input is greatly appreciated!

[Matt M.]

One of my attorneys does the due diligence and title insurance examination for Civicsource. IIRC civic source is self insuring the title on these properties, but the vetting meets the best practice requirements for ALTA.