In the News
NEW STATE LAW! - A PROPERTY OWNER CANNOT BUY THEIR OWN PROPERTY AT A TAX SALE FOR LESS THAN THE TAXES OWED!
New State Law,
Senate Bill 812 changed state law effective January 1, 2018 by adding subdivision (d) to Section 3698.5 of the California Revenue and Taxation Code. subdivision (d) states the following: The current owner of tax-defaulted property subject to sale under this chapter shall not purchase that property, directly or indirectly, at a price below the minimum price determined pursuant to subdivision (a). No deed shall be transferred to the purchaser if the property is purchased, directly or indirectly, by the current owner for lower than the minimum price determined pursuant to subdivision (a).