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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] CA Tax Lien Posted by Rick, the Probate Guy on December 25, 2009 at 2:23 PM In Reply to: Tax Lien Sale Question posted by Gaucho on December 25, 2009 at 12:52 AM To begin with, you don't get a deed from the County any time too soon. Property taxes are a super-priority lien, hence most all others liens including mortgages (trust deeds) are considered junior and will be wiped off title. I've never had this happen to me as a lender (yet) however I've watched the process closely for many years. CA does not sell tax lien certificates to 3rd party buyers like many other states so there is no opportunity to make any interest this way for you as the investor. You can learn more about this if you can ever get a copy of John Beck's CA Tax defaulted property book. Hard to find (and it's not the "free-and-clear" course of late night TV fame either). Other good sources include Bill H. who occassionally posts here and Ward covers this during his three-day training course. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : To begin with, you don't get a deed from the County any time too soon. : Property taxes are a super-priority lien, hence most all others liens including mortgages (trust deeds) are considered junior and will be wiped off title. : I've never had this happen to me as a lender (yet) however I've watched the process closely for many years. : CA does not sell tax lien certificates to 3rd party buyers like many other states so there is no opportunity to make any interest this way for you as the investor. : You can learn more about this if you can ever get a copy of John Beck's CA Tax defaulted property book. Hard to find (and it's not the "free-and-clear" course of late night TV fame either). : Other good sources include Bill H. who occassionally posts here and Ward covers this during his three-day training course. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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