How can I obtain a list of properties to be offered at the online auction?
A list of properties is available as a free downloadable file in PDF format beginning November 3, 2014.
Can I participate in the Online Auction without using the Internet?
Yes. To submit bids without using the Internet (either by mail or FAX), you may call Bid4Assets at 1-877-427-7387 by Thursday, November 6, 2014, and request an “Offline Bid Packet”. The bid packet must be completed and received by Bid4Assets no later than Friday, November 14, 2014.
Can I obtain a property available at the Online Auction by paying the delinquent taxes prior to the auction start date?
No. Legal title to tax-defaulted property subject to the power of sale can be obtained through the Treasurer and Tax Collector only by being the winning bidder at the tax sale.
How do I find or see a property I'd like to bid on at the tax sale?
Vacant ("unimproved") land usually has no address and therefore its approximate geographic location can be determined through the use of County Assessor platt maps and GIS maps. Exact boundary lines of a property can be determined only by a survey of the property initiated at the purchaser's expense. "Improved" properties frequently (but not always) will bear a "situs" (street address), making it quite simple to assess the location. A "situs" (street address) does not mean that there are improvements on the property.
Do all properties with an address have a home on them?
No. An address does not mean there is or was a structure on the property. It does not guarantee that the address shown in the tax sale list is correct, nor does it guarantee that any structure is part of the sale.
How soon can I take possession of a property after my purchase at the tax sale?
The successful bidder may take possession of a property after the Tax Deed to Purchaser has been recorded, which is between 60 and 70 calendar days after the date of the tax sale.
How is the minimum bid on a tax-defaulted property determined?
State law dictates that the minimum bid for tax-defaulted property offered at a tax sale be an amount not less than the total amount necessary to redeem the property, plus costs. However, pursuant to Section 3698.5(c) of the California Revenue and Taxation Code, the Tax Collector may offer that property or property interest at a minimum bid that is less than the redemption amount plus any costs, provided that property has been offered at a previous tax sale and no acceptable bids were received.
Is a tax sale publicly advertised?
Yes. State law dictates that, at least twenty-one (21) days prior to the date of a tax sale, a notice of the intended tax sale, including a list of the parcels to be offered, must be published three (3) times in successive seven (7) day intervals in a newspaper, or newspapers, of general circulation within Los Angeles County. The publication must also include the date, time, and location of any subsequent tax sale as allowed under Revenue and Taxation Code section 3704(i).
When does the right of redemption on a tax-defaulted parcel subject to the power of sale cease?
The right of redemption on a tax-defaulted parcel subject to the Tax Collector's power to sell ceases at the close of business on the last business day prior to the date of the tax sale. There is no extended right of redemption in the State of California.
How soon may I begin improvement of the property after my purchase?
The Terms and Conditions of this sale require that the purchaser refrain from any activity concerning property purchased at the auction until the Tax Deed to Purchaser is recorded. The Treasurer and Tax Collector also recommends that the purchaser wait an additional one (1) year after the tax deed is recorded as a party may petition the County Board of Supervisors to rescind the tax sale, pursuant to Sections 3725 and 3731 of the California Revenue and Taxation Code. If rescinded, the purchase price, plus interest, will be refunded. The purchaser will not be reimbursed for any other costs (i.e. improvement costs, insurance costs, title reports costs, etc.)
What happens to the properties that do not sell at the auction? Can those properties be purchased directly from the County?
If no acceptable bids are received for a property, it will be offered again at intervals of no more than six years until the property is sold, pursuant to Section 3692 of the California Revenue and Taxation Code. Legal title to tax-defaulted property subject to the power of sale can be obtained through the Treasurer and Tax Collector only by being the successful bidder at the tax sale. Additionally, pursuant to Section 3698.5(c) of said code, the Tax Collector may re-offer the property at any time for a minimum bid that is set at the discretion of the Tax Collector and approved by the County Board of Supervisors.