HOW IT WORKS
- Potential Purchaser may find a property on https://landbank.shelbycountytn.gov/ or https://gisapps.shelbycountytn.gov/landbank/.
- Potential Purchaser must submit a completed property request form to Landbank@shelbycountytn.gov.
- A Real Estate specialist drafts an offer agreement or donation form and emails it to the Potential Purchaser.
- Potential Purchaser must return signed offer agreement or donation form with Good Faith Deposit and copy of ID.
- Shelby County Land Bank will run ad inviting other bids on the property.
- Bid off held if other bids on the property are submitted.
- County Commission and County Mayor approval of the purchase must be obtained to proceed with the sale.
- Shelby County Land Bank will contact Potential Purchaser to bring in closing funds for the sale.
- Shelby County Land Bank forwards offer agreement and closing funds to Shelby County Trustee.
- After the Shelby County Trustee processes the funds and obtains the County Mayor’s signature on quit claim deed, the Trustee will issue a quit claim deed to the Purchaser.