CA Tax Sale Research Questions… - Posted by Tim
Posted by Tim on February 12, 2002 at 13:21:33:
I’m interested in buy property at a tax sale in California. I’m trying to make an intelligent choice, but feel like I do not have enough information. How do I research the property to determine if there are any additional liens? Does anyone have a decent source for info regarding researching tax sale properties? I’ve read through all the documents on the local assessor’s website, but the information only focuses on the terms of the sale.
So far I have the following facts:
10% down to cover bid, remaining 90% due within 30 days or down payment is lost
IRS has 120 days to redeem the property. If they redeem, the IRS will pay the actual amount paid for the property by the bidder, plus interest at 6 % per annum from date of sale
Any help would be much appreciated.