I would like to buy a tax deed in California. I heard that until 1 year AFTER I would win the auction, if the previous owner pays the taxes, he would then own the property again? Is it true?
Hi,
California counties are authorized to sell tax lien certificates which have a 2 to 3 year redemption period however at this time all the California counties directly sell the whole property as a tax deed sale, which is the actual property without redemption period provided the property is paid as agreed the day of sale, if a buyer fails to perform and does not make payment as agreed a redemption period begins allowing the original owner a second opportunity to recover there property!
GR