Tax Deed Sale in Lieu of Tax Lien Sale

[Lauren Gustin]

To my knowledge, California does not perform annual Tax Lien Sales but instead holds annual Tax Deed Sales. I understand that a Tax Lien Sale does not award ownership because there is no deed transferred unless homeowner does not pay new Tax Lien Holder after a certain amount of time. My question is, in CA, when a Tax Deed Sale is preformed does this mean the Deed is actual transferred to the Tax Deed buyer upon purchase since the 5 year delinquency has already passed for the current owner? Does ownership take place upon purchase? 

[John Underwood]

Quote from @Lauren Gustin:

To my knowledge, California does not perform annual Tax Lien Sales but instead holds annual Tax Deed Sales. I understand that a Tax Lien Sale does not award ownership because there is no deed transferred unless homeowner does not pay new Tax Lien Holder after a certain amount of time. My question is, in CA, when a Tax Deed Sale is preformed does this mean the Deed is actual transferred to the Tax Deed buyer upon purchase since the 5 year delinquency has already passed for the current owner? Does ownership take place upon purchase? 

 Buying a tax deed typically means you are getting the house right away and these can sell for close to market prices.

Buying a tax lien means you just have a tax lien against the property and the owner usually redeems it before you would have any rights to the property.