Quick Summary of California Tax Deeds

By dhinternational  /  January 26, 2015 / Comments Off on Quick Summary of California Tax Deeds

Quick Summary of California Tax DeedsCalifornia tax deeds sales use premium bidding method. The minimum bid amount set for investors to participate is equal to the tax amount, interest, penalties, and fees due. Most counties in the US only conduct an auction once a year. However, some conduct more than one auction per year.

Generally, property owners in California have up to the day before the auction to redeem their properties or lose them forever. Investors who participate in California tax deeds sales are recommended to check the list of properties before the auction. This may include contacting the county tax collector for information or checking the county’s website.

Tax deed sales are quite different in California. The redemption period in this state begins when the property becomes tax defaulted on July 1st on any given year, and ends after a tax deed sale five years later. Once the property is sold at a public auction, it may not be redeemed. In simple words, there is no extended right of redemption in California.

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