Pursuant To Section 3692, Revenue And Taxation Code
On December 8, 2009, the Tulare County Tax Collector, was directed to conduct an internet auction sale by the Board of Supervisors of Tulare County. The tax-defaulted properties on the Tax Defaulted Property List are subject to the tax collector’s power to sell and have been approved for sale by Resolution Number 2009-1037 dated December 8, 2009, by the Tulare County Board of Supervisors.
The online sale at www.bid4assets.com will begin at 8:00 A.M. Pacific Time on the 25th day of March 2010, and close at 1:00 P.M. Pacific Time on the 29th day of March 2010. Sale will be to the highest bidder in guaranteed funds, (wire transfer, certified check/cashier’s check, or money order) in lawful money of the United States, for not less than the minimum bid as shown on this notice. Only bids submitted to the internet will be accepted. Pre-registration is required at www.bid4assets.com. Bidders must submit a refundable deposit of $5,000.00 in guaranteed funds, (wire transfer, certified check/cashier’s check, or money order). The deposit will be applied to the successful bidder’s purchase price. Full deed information indicating how title should be vested is required with 48 hours after the end of the sale. A California transfer tax will be added to and collected with the purchase price and is calculated at $.55 per each $500.00 or fraction thereof. If a parcel does not receive the minimum bid, the Tax Collector will re-offer the parcel at the end of the auction at a lower minimum bid starting at 8:00 A.M. May 20th, 2010 through 1:00 P.M. May 24th, 2010, online with www.bid4assets.com, or hold the property until the next annually scheduled auction. Research the item prior to bidding. Due diligence research is incumbent on the bidder. The winning bidder is legally obligated to purchase the item.
The right of redemption will cease on Wednesday, March 24th, 2010 at 5:00 P.M., and properties not redeemed will be offered for sale. If a parcel is not sold, the right of redemption revives up to the close of business of the last business day prior to the next scheduled sale.
If the properties are sold, parties of interest as defined in California Revenue and Taxation Code Section 4675, have a right to file a claim with the County for any excess proceeds from the sale. Excess proceeds are the amount of the highest bid in excess of the liens and costs of the sale which are paid from the sale price.
More information may be obtained by contacting the Tulare County Tax Collector at 221 S. Mooney Blvd. Room 104-E, Visalia, California 93291-4593, or calling telephone number (559) 636-5250.
