The purpose of the Public Auction or Tax Sale is to collect the unpaid taxes and to convey the tax defaulted property to another owner. These properties are subject to the Tax Collector's Power to Sell because the property taxes have not been paid for five or more years.
Properties at the Public Auction are offered on an "as is" basis. Purchasers are advised to read the information provided and investigate each property you are interested in bidding on.
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If a property is not redeemed, and it is sold, the former owners of the property have the right to claim proceeds remaining after the tax and assessment liens and the costs of sale are satisfied. To claim the excess proceeds, you must be a "party of interest" as defined by Section 4675 of the Revenue and Taxation Code.
A claim for excess proceeds must be filed within ONE YEAR after the Tax Collector's deed to the purchaser is recorded. The law protects parties of interest by requiring that any assignment to another person of the right to claim excess proceeds can be made only by means of a dated, written document. The document must specifically state that the right to claim excess proceeds is being assigned and that each party to the transaction has informed the other of the value of the right being assigned.