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Updated about 2 years ago,

User Stats

3
Posts
0
Votes
Lauren Gustin
  • Lender
  • California
0
Votes |
3
Posts

Tax Deed Sale in Lieu of Tax Lien Sale

Lauren Gustin
  • Lender
  • California
Posted

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? 

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