Lender · Pasadena, CA · Member since 2008 · 50 posts · 11 votes
I'm interested in purchasing a particular property that is going to public auction on Monday for delinquent property taxes. What is the current redemption period once the property is purchased? Also, how competitive are the LA county Tax deed auctions? This will be my first time attending one of these auctions so any other relevant info would be much appreciated. Thanks
Lien Investor · Riverside, CA · Member since 2010 · 43 posts · 6 votes
14y
Mark,
If you are seriously looking at Tax Auction, you need to do your due diligence. All of the auction specifics are located on the Los Angeles County Treasurer & Tax collectors web site. As to how competitive the auction is. Tax auctions can be very competitive anywhere in CA. Good luck & let me know how you did!
SFR Investor · Tustin, CA · Member since 2011 · 10 posts · 1 vote
14y
There is no official redemption period in California but the owner have the right to challenge the tax sale up to 1 year. Therefore, most people do not make major improvement to the property. Plus, bank will not lend money on the property during this period.