From the sddt.com:
The San Diego County Treasurer-Tax Collector’s office is scheduled to auction off hundreds of tax defaulted properties next month.
Treasurer-Tax Collector Dan McAllister announced Friday that 469 tax defaulted properties are scheduled to be sold at the 2011 Property Tax Sale Auction scheduled for Friday, March 18, at the San Diego Convention Center.
The auction is being held in an effort to collect $2,432,354.26 in unpaid property taxes including penalties and fees.
“We currently have 76 improved properties, 278 timeshares and 115 unimproved parcels ready for auction,” McAllister said. “The numbers may change if owners step up and pay the defaulted taxes with penalties right before the deadline. Owners of delinquent properties have until 5 pm on Thursday, March 17, the day before the tax sale to bring their taxes and delinquent charges up to date, or their property will be sold.”
Interested bidders may purchase registration packets for $60 at any of the Treasurer-Tax Collector’s offices, located in downtown San Diego, Kearny Mesa, Chula Vista, El Cajon or San Marcos. A $1,000 refundable deposit is also required at the time of registration.
“This should give serious bidders ample time to do their research and due diligence,” McAllister said. “I expect to see more participants this year due to the economy.”
Minimum bids are set based on the total amount of back taxes, penalties and sales costs. The successful bidder may take possession of a property after making a payment in full and after the Tax Deed to Purchaser has been recorded.
Under California State law, the Treasurer-Tax Collector may sell any or all portions of properties that have been in default for five years. In December 2009, the Board of Supervisors approved 379 properties for last year’s auction. In November 2010, the Board approved nearly 600 properties for auction at this year’s sale.
The eleven-page list: http://www.co.san-diego.ca.us/ttc/docs/pats7032.pdf
The county’s website for general information: http://www.co.san-diego.ca.us/ttc/pts_info.html
Pity the information is not presented in a format for casual buyers. No city listed. No lot size listed.
If you’re considering this, get help. If you buy, you’re responsible for any other outstanding liens against the property.
Jinx, could you elaborate?
property tax lein is in last position, so first or subsequent mortgages, HOA or mechanics have to be paid?
Freedom, that’s what I’ve been told. But there are others on this blog far more qualified to answer this than I. Hopefully they’ll chime in.
I thought tax liens were in first position?..which is why if you’ve ever been late on a tax payment you’ve probably received a letter from your mortgage company saying that if you don’t pay it, they’ll either pay it or foreclose on you to protect their position.
Tax liens are in first position.
I think there will be junior lien holders who might chase you around a bit trying to collect – we have that happen with the REOs too. But they’re toast.
The tax sales are a great way to buy a timeshare cheap – under $1,000.