Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Tax, SDIRAs & Cost Segregation
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 11 years ago on . Most recent reply

User Stats

151
Posts
31
Votes
Annunciata R.
  • Developer
  • Los Angeles, CA
31
Votes |
151
Posts

Why am I getting a reassessed refund check from a tax deed

Annunciata R.
  • Developer
  • Los Angeles, CA
Posted

Maybe someone can help me on this, I bought a few lots at the last LA tax deed auction in October. Judging from the tax accessors values online, all the lots I purchased cost less than the last value. Last week I got a check in the post for about $400 . I dont understand how I would be entitled to it as opposed to the previous owner. The value of the property was $90K and decline in value puts it at about $80K, I paid $21K. Im not complaining about the cheque but if I am entitled to the cheque am I right to assume that more cheques are forth coming from the remaining lots I purchased if a revaluation is triggered.

Loading replies...