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Buying Tax Deeds in California

By: Ted Thomas

There are several tax deed states in the U.S., California is one of them. California being a tax deed state means that if you go to their tax sale auction when you bid on the property, you will own it after the tax sale auction. Every state and local county has their own rules for tax deeds. All California property owners who have defaulted on their taxes will get notified by certified letter, if their house will be put up for auction.

Smart buyers of tax deeds know to visit the county treasurer and assessor's office to request a tax sale list and review the property files. They can also now view this information online and request it or view it on the local county websites. Each website will vary depending on the local county government. If the certified letters that notify the property owner of the tax deed auction have been returned undeliverable, the savvy buyer could surmise that the property will not be redeemed (the taxes paid) and the property will come up for the tax defaulted auction/sale. If the certified letters or notices have been returned to the county, those are the properties that you need to check out first. The tax assessor has the properties on file, as well as maps, in their map room where you can see the size and location of each property parcel. Of course, this information is also on the internet in many counties.

Abstracts of the title will also be located at the tax collectors office. The records in the county are of all real properties. Important information is contained within each abstract, an example: name of owner, last address for mailing the tax bill, value assessed, back taxes owed, property improvements, land vacant, building, houses, etc. It's all there and it's free.

It's All Public Record

The County Recorder's office staff can be very helpful. Generally, property that changes ownership is transferred by using grant deeds, warranted deeds, security deeds, bargain and sale deeds. The different titles and nomenclatures come from different state legislation, all of the above documents are commonly used to transfer ownership from Mrs. A to Mr. B. The documents, along with other real property records are kept for the public benefit at what is commonly referred to as the Recorder's Office. More information kept at the Recorder's office includes: trust deeds and mortgages. Loan documents are recorded, files and automatically attached to the property. These encumbrances can only be removed by payment in full or some action like a tax sale or foreclosure sale. In California properties that go to tax sale will have the loans, trust deeds, removed as a result of the tax deed auction.

Article Source: http://add-articles.com

Ted Thomas is one of America's Tax Lien Certificate and Tax Deed Authority. He has coached and trained thousands of newcomers and professionals to make profits by buying Tax Lien Certificates and Tax Deeds at government sponsored auctions. Discover the safest, most lucrative investment opportunity in America today by claiming your incredible free offer of wealth materials - www.IncredibleFreeTaxLienOffer.com .

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