In Monroe, an adjudicated property is a piece of real estate that has been assigned to the city for unpaid taxes or other debts. The word “adjudicated” means the city has gone through steps of trying to collect debts associated with the property, but has been unsuccessful. The allows the city to sell these properties to recover the unpaid debts, and the proceeds from the sale are used to pay off the outstanding debts.

The property is generally sold for the amount needed to collect debts owed. In many cases the debt is far less than assessed value of the property.

If you are interested in purchasing an adjudicated property in Monroe, you should be aware of the following laws:

1. The city has the right to sell adjudicated properties to recover unpaid taxes or debts.
2. Adjudicated properties can be sold to citizens who become the new owner of the property.
3. The original owner of the property has the right to reclaim the property by paying off the outstanding debts the property is transferred.
4. If you purchase an adjudicated property from the city, you should be aware that you may be responsible for any outstanding debts or liens on the property. It is important to do your due diligence and research the property thoroughly before making a purchase.
5. Adjudicated properties are often sold “as is,” which means that the buyer assumes all responsibility for any repairs or renovations that may be needed.
6. It is a good idea to consult with a real estate attorney before bidding on an adjudicated property, to ensure that you fully understand your rights and responsibilities as the potential owner of the property.

City laws that detail steps to attain adjudicated Property (https://library.municode.com/la/monroe/codes/code_of_ordinances?nodeId=COOR_CH1.5ADPR)