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All Forum Posts by: Crystal Alz

Crystal Alz has started 1 posts and replied 1 times.

Post: Bidding for Tax Delinquent Properties in San Bernardino

Crystal AlzPosted
  • Accountant
  • Los Angeles
  • Posts 1
  • Votes 0

Hello everyone, as the title mentions, I'm interested in learning more about purchasing tax delinquent properties in San Bernardino County. I was able to go to the assessor's website and find a list of upcoming properties that will be auctioned off in May. I just have a few questions on the process, and it would be great to connect with someone who's already gone through the process.

Questions in mind:

1. I know the starting bid is usually the total delinquent property tax, but what other costs should I be considering? Will I need to do research on whether there's an existing mortgage that I'd need to pay off as well? Will all potential costs such as liens, be publicly accessible through the county website?

2. For those who've attended, how many other bidders are there? Do bids usually come in at close to assessed value or just past due taxes?

3. I'm guessing all properties are sold as is and there's no way to inspect prior to buying? and all research should be done online prior to bidding.. The auction is to be set online.

4. Does the 5k deposit go towards the property if you end up purchasing?

5. What are some tips I should use to prepare for a potential purchase?