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Updated almost 2 years ago on . Most recent reply

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Lauren Ruppert
  • Rental Property Investor
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Tax default auction in California????

Lauren Ruppert
  • Rental Property Investor
Posted

Looking for some answers regarding tax default auctions.  In California, if you bid and win on a Tax defaulted property, do you then own the property or do you own the lien on the property?  I'm getting confused because it seems to differ from state to state.   FYI, I know that there may be other liens etc...a title search should reveal that...  So, if there are  no other liens discovered, would I own the property fee and clear?  

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,211
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @Lauren Ruppert:

Thank you Mark!  

    One more question, will a title search indicate all liens on a property?  I want to make sure I do my due diligence, but I'm not sure what else I might have to check after having a title search done. 


Tax sales in CA wipe out everything but IRS liens and the IRS just has a few short months to redeem and pay U interest  they never redeem.. CA tax sale is the safest tax sale I have seen for those that are worried about liens.. NOW whats more important and risky is usually access issues encroachments  non build-ability  code violations etc.. but not monetary liens those all get wiped out.
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JLH Capital Partners

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