Allan Susoeff here. Welcome to another episode of Ask Al How. This video is part of my series where I explain how Tax Sales are conducted in Each State. In this post, I will discuss California.
California Tax Sale Facts:
California has 58 countries and is also a deed state. This state has by far the longest redemption period at five years. The bidding is done by Premium Bid and most California counties use bid for assets or GrantStreet.com to sell the properties.
California Tax Sales are Not So Hot
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.
