Los Angeles County Tax Sales: Answering Your Most Frequently Asked Questions

Los Angeles County Tax Sales offer you the opportunity to purchase valuable real estate at steep discounts.

We’re going to explore the world of Los Angeles County tax sales, guided by the insights of Ted Thomas, the leading authority on tax certificates and tax deeds. Tax sales can be a fantastic opportunity for savvy investors looking to acquire real estate properties at a bargain price, but there is information that you need to understand to navigate the process successfully.

From the types of auctions held by Los Angeles County to payment methods and additional fees, we’ll provide the necessary information needed to participate in these sales to help you make informed decisions, ensuring a smoother auction experience, and potentially acquiring valuable properties.

Key Takeaways

  • The types of auctions held by Los Angeles County and how often they take place
  • The importance of due diligence, including knowing the condition of the property and any liens or encumbrances before bidding
  • Required payment methods, potential additional fees, and resources available to help you navigate Los Angeles County tax sales.

14 Frequently Asked Questions About L.A. County Tax Sales

most frequently asked questions about Los Angeles County tax sales

What Kind of Auction Does L.A. County Host?

Los Angeles County hosts tax deed auctions, meaning that participants have a chance to bid on properties with delinquent taxes.

How Frequent Are Los Angeles County Tax Sales?

Though the frequency may vary, L.A. County generally holds at least one or two tax sales per year. They may choose to do more, depending on the number of available properties.

Can Anyone Take Part in L.A. County Tax Auctions?

Yes, anyone can participate in these public auctions. They are open to all interested bidders, whether they have a lot of money or a little.

How Do I Learn When Tax Sales Happen?

You can find out about upcoming tax sales by visiting the L.A. County website and checking local newspapers. Auction announcements will typically be published in newspapers specific to the area in which the auction is held.

Los Angeles County tax sale website

Which Properties Are on the L.A. County Tax Sale List?

You can find various types of properties in these auctions, including residential lots, rural land, cropland, grazing land, and commercial properties. Single-family homes, residential vacant lots, and rural properties are especially common.

Before Bidding on Vacant Land, What Should I Know?

Research is key. Before bidding on vacant land, familiarize yourself with factors such as water supply, power access, drainage, land use, and soil type.

What Should I Know Before Bidding on Homes?

When bidding on a home, be sure to consider the property’s location, condition, and potential liens or encumbrances. Examine the roof, exterior, structure, landscape, driveway condition, and more. Always do due diligence before purchasing an auction property.

What Is the Bidding Method at Los Angeles County Tax Sales?

The county utilizes a public auction format, in which anyone can attend and bid on properties.

How Do I Pay for a Tax Sale Property in Los Angeles?

L.A. County typically requires payment in the form of a bank draft or cashier’s check. Credit card payments and personal checks are usually not accepted.

Are There Extra Fees When Buying at the L.A. County Tax Sale?

When purchasing a property at an L.A. County tax sale, be prepared to pay transfer taxes associated with transferring the property to your name.

How Long Does It Take to Receive the Deed from the County After Winning a Bid?

The time frame for receiving the deed may vary. It’s best to consult with the county’s tax sale department for more information on property deed transfers.

Advice for Newcomers Attending Their First Tax Auction

Before attending your first tax auction, make sure you’ve carefully researched the properties you’re interested in, understand the payment requirements, and are familiar with the bidding process. It’s important to be well-informed to make a successful purchase.

advice for newcomers attending Los Angeles County tax sales

Can I Get a Refund from the County on a Tax Deed Property?

Refund policies for tax deed properties vary, and it’s best to check with the county regarding its specific refund procedures.

After Buying the Tax Deed, Do I Need to Pay the Property’s Mortgage?

Once you’ve purchased a property at a tax sale, you’ll have to consult with the county regarding any outstanding debts or liens, such as mortgages.

Conclusion

Los Angeles County tax sales take place at least once a year and are accessible to the public. It’s essential that you educate yourself on the properties being auctioned and be aware of all the key factors such as location, condition, and possible liens. Always conduct your due diligence before bidding on any property.

Los Angeles County hosts public auctions, which means that anyone can participate. To find out about upcoming tax sales, keep an eye on the County website and local newspapers. Be prepared for a wide variety of properties, as this list encompasses residential lots, commercial properties, rural land, and more.

If you’re planning on bidding, it’s crucial to understand that Los Angeles County has strict payment requirements. They typically do not accept credit cards at Los Angeles County tax sales, and you’ll need to have a bank draft or cashier’s check on hand. Additionally, familiarize yourself with any additional fees such as transfer taxes, which will apply to the property purchase.

By doing your research and following the Los Angeles County tax sale guidelines, you’ll be well-prepared to make informed decisions and potentially find valuable investments. So, gather all the necessary knowledge, be mindful of payment methods and additional fees, and step confidently into the world of tax sales.

If you’d like to know more about tax lien certificates and tax deed investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, personal coaching with certified coaches, and an interactive map and auction calendar research tool that allows you to visit each county online to find the details about upcoming auctions.

Want to earn massive income from bargain real estate investing? Would you like to buy mortgage-free properties for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then get started today with this Free Gift.

Ted Thomas

Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.

The Ted Thomas Difference:

  • Ted is recognized as America’s Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tax defaulted properties for over 30 years.
  • Ted has built a team of certified coaches that have 70 combined years of auction experience and are available to his students by phone to guide and mentor you to avoid getting overwhelmed or worse, losing money
  • Ted has ironclad PROOF that what he is teaching you does work. With hundreds of successful students providing testimonials and a 4.9 Google rating which is unheard of in this industry.
  • Ted and his staff don’t hide behind a website; they can be reached during office hours at 321-449-9940.

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