Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Mark Abinante
0
Votes |
1
Posts

California Tax Deed Sale

Mark Abinante
Posted

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)?

Loading replies...