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Auction Question

Q2 Self Storage - Jennifer Filliben

Auction Notice: In North Carolina is it required that you list the unit number and name of tenant in the publication ad that is posted 5 days prior to auction?

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Peter Allen on Thursday 08/16/2018 at 03:45PM wrote:

It looks like the lien law does not specify anything other than "shall publish notice of sale". Interesting to note also that if you're sure you'll get at least 3 independent bidders, the newspaper ad is no longer required. Some online auction platforms like Lockerfox (our product) show you how many unique bidders viewed the unit so you'll have documentation of meeting that criteria.

Kevin Leebrick on Friday 08/17/2018 at 08:50AM wrote:

Yes. You need to identify who you are putting up for auction and what unit is being sold.

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