Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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

Updated almost 8 years ago,

User Stats

51
Posts
26
Votes
Barry B.
  • Oakland, CA
26
Votes |
51
Posts

County Tax sales in No Cal

Barry B.
  • Oakland, CA
Posted

Need advise from auction and other investment gurus in Northern CA. Please feel free to correct any of my assumptions below and shed light on the process.

I have been looking at the county tax sales, seems like most CA counties hold these auctions twice a year. What I know so far, that the auctions are all cash, as-is, paid amount is to cover delinquent taxes and if there is anything left the 1st mortgage, all other debt (unless it is a government bill) is written off.  You can get an idea of outstanding assets from paid research sites like prop radar etc.

What I do not know - why do so many of seemingly good properties get "withdrawn" before the auction, do large investors/pros approach the owners and buy them before the auction?

Do you do research on a bunch of them and bid on the ones that are being bid at a reasonable price, to increase your chances of getting one or do you narrow down to just one and go all out ?

Do people also do title search on these? Does that become expensive if you are researching multiple properties?

Would love to hear from someone who has done this Northern CA.

Loading replies...