California Tax Deed Sale

California Tax Deed Sale

Member since 2018 · 1 post · 0 votes

I am having great difficulty interpreting California tax code regarding tax deed sales and need help for the following scenario:

Minimum bids are initially set to total of all outstanding tax liabilities (including penalities and interest); however, in the case of no bids, the county may elect to re-offer the parcel at an even lower starting bid.  Suppose the original minimum bid (outstanding tax liability) was $100k and after receiving no bids, the parcel was reoffered at $10k and sold for $15k.  Would the buyer/auction winner receive title free of all past tax encumbrances or will the buyer immediately be hit with a $85k past due tax bill and property lien (the difference between the $100k old tax liabilities and the $15k payment received from settling the auction)?

0Reply
15 views

1 Reply

Jump to latestLatest
  • Member since 2022 · 5 posts · 0 votes
    2y

    Mark, I read your post on liabilities that might stay after buying your tax deed. Did you ever learn the answer to this question ?

    Surprised you didn’t get an answer in 3 years!

    Please answer in this thread if you learn the answer to your very important question.

    Thanks!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.