The Los Angeles County Treasurer and Tax Collector sells properties located in Los Angeles County due to defaulted property taxes exceeding five years or more for residential or agricultural property and three years or more for non-residential commercial property and vacant land.
|Date of Auction:
||December 7, 8, and 9, 2015.
||10:00 a.m. (Pacific Time) on December 7, and then running continuously until 12:00 p.m. (Pacific Time) on December 9.
|Auction Site Web Address:
REGISTRATION DEPOSIT REQUIREMENTS
- A Bid Deposit of $5,000 (plus a $35 non-refundable processing fee) is required
in order to bid.
- Bid Deposits must be in the form of a bank-wire transfer, bank-issued money order,
or cashier's check. Other types of money orders and personal or business checks
are not acceptable.
- Deposits must be payable to the Bid4Assets Inc. Escrow Account FBO Los Angeles
- Mailed deposits must be sent to: 8757 Georgia Avenue, Suite 520 Silver Springs,
- Bid4Assets must receive deposit payments no later than Tuesday, December 1, 2015,
at 4:00 p.m. (Eastern Time). Please contact Bid4Assets directly for instructions
and questions pertaining to Bid Deposits.
- Bid4Assests will apply a bidder's deposit on as many parcels as a bidder wins
until his or her deposit is exhausted.
- The Treasurer and Tax Collector (TTC) will refund all overpayments (i.e. a bid deposit
that is greater than the balance due at the end of the auction) within 30 calendar
days from the date of the close of auction. The TTC will issue the refund
as a County Warrant in the name of the registered purchaser and mail it to the address
provided in the purchaser's registration information.
- Bid4Assets will refund non-winner deposits no later than ten business days from the date of the close of auction. Bid4Assets will issue the refund as a check
in the name of the registered purchaser and mail it to the address provided in the
purchaser's registration information.
- See Terms and Conditions for complete list of requirements.