Oct 15, 2026 · in 14 days
Court confirmation is the primary clearing step; quiet title may still be used if notice or chain-of-title defects appear.
Virginia judicial tax-deed county (no private tax-lien certificates). Franklin County sells delinquent real estate at public auction under Code of Virginia Title 58.1 — 2026 auction noticed for Thursday, June 18, 2026, 1:00 p.m. at the Franklin County Government Center, 1255 Franklin Street, Rocky Mount. Parcel list PDF published on county Real Estate Tax Sale page (counsel James W. Elliott pattern). Surplus proceeds above delinquent taxes belong to the former owner under VA practice. Smith Mountain Lake / Rocky Mount foothills market with Roanoke MSA fringe demand.
Inherited from Virginia rather than researched for Franklin: type, redemption, returns, statute.
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Spread is not profit.It compares the opening bid to the county's assessed value, which is not market value — Va. Const. art. X, § 2: "All assessments of real estate and tangible personal property shall be at their fair market value, to be ascertained as prescribed by law." There is no classification and no ratio below full value, except the agricultural, horticultural, forest and open-space use-value deferral the same section authorises. Open a parcel to run the full max-bid analysis, which accounts for the assessment ratio, surviving liens, quiet title, and holding costs.