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Updated almost 8 years ago,
Just getting started with tax deeds. Looking for wisdom!
Hello everyone! I've been painstakingly researching tax deed auctions in various counties in CA, and I'll be attending my first auction in a couple of weeks. I'm hoping to connect with other tax deed investors to help me expand my knowledge on the subject. I know it can be a risky investment with the inability to acquire title insurance and all... what other risk factors have any of you come across? Any words of wisdom? I've read through CA taxation code, section 3172, and it seems that the only encumberances that would remain attached to the title would be government encumberances, judgement liens, and mechanics liens. Is this correct? I'm also looking to seek counsel with a CPA/property tax attorney... would that be the right person to speak with? ALSO... It is so expensive to have a title company run title search, especially when you're researching multiple properties. I know I can get the information through the county recorders offices... follow chain of title through deed transfers, easements/ccrs/special rights would all be on the deed, right? And any recorded liens would also be at the county recorders office. What's else should I bet looking for for? So many questions! Any other advice would be AMAZING! Thank you:)