INDUSTRY NEWS: TAX SALES

Online Auction Features 691 Properties Offered by San Diego County Treasurer-Tax Collector

Tuesday, June 26, 2018   (0 Comments)
Posted by: Carly Cahur
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Bidders who did not get to buy property in San Diego County’s May online auction will now get a second chance.

San Diego County Treasurer-Tax Collector Dan McAllister opened bidder registration Monday for the 2018 online reoffer property tax auction, featuring 691 properties.

“We are pleased to give prospective buyers another shot at buying a piece of paradise in beautiful San Diego County,” McAllister said. “Most of the available properties are timeshares — all starting at $100 — so we want to encourage people across the country to take advantage of these great deals.”

Those who wish to participate must register as a bidder by July 12. To sign up, go to the Treasurer-Tax Collector’s (TTC) tax sale website sdttc.mytaxsale.com and submit a refundable $1,000 deposit, plus a non-refundable $35 processing fee.

The online auction will take place from July 20 to 25, and it will include 655 timeshares, 3 improved properties (homes or businesses), and 33 unimproved properties (land).

The available properties were left over from the TTC’s initial auction in May, during which buyers purchased 323 properties for a total of $3,065,400.

“This is the second year we have hosted our property auction online, and once again, it has allowed us to reach a bigger audience than any in-person auction,” said McAllister. “We had buyers from across California, Texas, Arizona, Utah, Florida, Nevada, Kentucky and Virginia.”

California law states that if owners do not pay their property taxes for five years or more, the county can auction off the properties to recover the back taxes. Current owners of the parcels have until 5 p.m. on July 19 to pay the defaulted taxes and fees to avoid a sale.

Read the original article here


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