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News & Press: Sacramento Report

Legislation Proposes Limits on Tax Defaulted Property Sales to Existing Owner

Tuesday, April 18, 2017  
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Senate Bill 812 (Senate Committee on Governance and Finance) would prohibit the current owner of tax-defaulted property subject to a tax sale from purchasing that property below the minimum price set to cover all the outstanding taxes and costs. Under existing law, if the minimum bid set for tax-defaulted property does not attract a buyer, the tax collector may offer the property for sale at a set minimum price less than the original minimum required to cover the outstanding taxes.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851