New Orleans Redevelopment Authority (NORA) has commissioned Gilmore Auction & Realty Co. to auction more than 94 Road Home and REALM (land bank) properties on Saturday, April 2 at 10 a.m. Properties include single-family homes, doubles and vacant lots in neighborhoods of various levels of historic designation, including Audubon area, Mid-City, Lakeshore / Lake Vista, Lakeview, West End, Lower Garden District and Faubourg St. John / Fairgrounds area.
Bidders must bring $500 in certified funds to the auction. This $500 will be part of the 10 percent deposit if the bidder becomes the winning bidder at the auction. Bidding will start at $1,000 on each property with all sales subject to NORA’s approval. Winning bidders will agree to rehab or begin construction on the property within 12 months and to keep it free from blight.
The auction will take place at the Xavier University Auditorium, 1 Drexel Drive, New Orleans, LAÂ 70125. Interested bidders are invited to visit www.gilmoreauction.com for property information, photos, terms & conditions and pre-registration.
For additional information, email Chrissy Brignac at chrissy@gilmoreauction.com or contact Francis Braud or David Gilmore directly at 504.468.6800.
