How To Buy Tax Deeds In California
California is a tax deed state. This means if you are a property owner in California and you default on your taxes, after you are delinquent for a period of time, you are notified by certified mail and then your property is auctioned off as a tax deed. Each state and local government has it's own rules of how they deal with property owners on their delinquent taxes, states are either tax deed states or tax lien certificate states.
Smart buyers of tax deeds know to visit the county treasurer and assessor's office to request a tax sale list and review the property files. They can also now view this information online and request it or view it on the local county websites. Each website will vary depending on the local county government. If the certified letters that notify the property owner of the tax deed auction have been returned undeliverable, the savvy buyer could surmise that the property will not be redeemed (the taxes paid) and the property will come up for the tax defaulted auction/sale. If the certified letters or notices have been returned to the county, those are the properties that you need to check out first. The tax assessor has the properties on file, as well as maps, in their map room where you can see the size and location of each property parcel. Of course, this information is also on the internet in many counties.
Abstracts of the title will also be located at the tax collectors office. The records in the county are of all real properties. Important information is contained within each abstract, an example: name of owner, last address for mailing the tax bill, value assessed, back taxes owed, property improvements, land vacant, building, houses, etc. It's all there and it's free.
It's All Public Record
The County Recorder's office staff can be very helpful. Generally, property that changes ownership is transferred by using grant deeds, warranted deeds, security deeds, bargain and sale deeds. The different titles and nomenclatures come from different state legislation, all of the above documents are commonly used to transfer ownership from Mrs. A to Mr. B. The documents, along with other real property records are kept for the public benefit at what is commonly referred to as the Recorder's Office. More information kept at the Recorder's office includes: trust deeds and mortgages. Loan documents are recorded, files and automatically attached to the property. These encumbrances can only be removed by payment in full or some action like a tax sale or foreclosure sale. In California properties that go to tax sale will have the loans, trust deeds, removed as a result of the tax deed auction.
by: Ted Thomas
Beats 365 Complete Review Being Readily Prepared For Robotic Trading Two Forex Secrets Exposed That Will Be A Cornerstone Of Your Success In Forex Trading Start Filing Bankruptcy Today Hire The Best Attorney Your Retirement - What Will You Actually Do? Cut Yourself A Paycheck Mobile Home Loan Freedom Simplifying Small Limited Liability Company Accounting Forex Trading - Basics You Need To Know For Your Success Pros And Cons Of A Life Annuity Obama Home Affordability Refinance and Loan Modification Plan: Reap the Maximum Benefits FatLoss4Idiots - A Review of FatLoss4Idiots For Those Who Are Really Sick Of Their Jobs Working For Others