Block bidding for lots
Thu, 02/02/2023 - 12:00am
The Olney City Council is moving to allow developers to bid on multiple lots at once as a way to accelerate the building of much-needed homes and to move foreclosed lots off the city’s books quicker. The Council first explored the move at its Jan. 23 meeting, discussing how to instruct Texas Communities Group, the real estate clearinghouse that conducts online sales of the city’s foreclosed lots at its Texascg.com website, to put up a bundle of 10 lots for bid.
