San Diego County Treasurer-Tax Collector Public Auction – Wednesday March 19, 2014
Every March, the San Diego County Tax Collector has a public auction, selling off parcels of unimproved, and improved property in which the owners have defaulted on their property taxes. This is a way for the County to recoup some of their lost revenues. Last year, the auction generated roughly $2 million for the County.
If you are a Real Estate Investor in San Diego, you may want to look into the list of properties being sold at auction. This year, the Auction is being held on Wednesday, March 19, 2014 at the San Diego Convention Center. The auction begins at 9am.
From a Title Insurance perspective, these properties are nearly impossible to insure, because of the nature of the sale. However, there could be “diamonds in the rough” where someone might be able to pick up an improved property for under current market value. You’re encouraged to do your due diligence and understand the sale process completely.
If you’d like to receive Title information on any of the properties going to sale, please be sure to contact me at 858.232.5976 or greg.ives@corinthiantitle.com. You can also find a list of these distressed properties here.
Remember, if you are buying, selling, or refinancing San Diego Real Estate, or if you are a Real Estate Professional looking for a new Title Insurance Rep, give me a call!
