Securing Cheap Properties in Santa Clara County Tax Deed Sales
Tax deed sales can be an excellent way to secure property in a high-value area in a competitive market like Silicon Valley’s Santa Clara. Here’s a guide to help you navigate tax deed investing in Santa Clara County.
Why Consider Tax Deed Sales in Santa Clara?
High Returns on Investment
Tax deed investments can offer substantial returns, with potential ROI ranging from 18% to 36%. You might even secure a property for as little as $500. This method is particularly appealing in Santa Clara, where the real estate market is strong and continually growing.
Supporting the Community
When property taxes go unpaid, it impacts essential services like police, public schools, and emergency medical services. By purchasing tax deed properties, you’re helping fund these services while acquiring real estate below market value.
Prime Real Estate
Santa Clara is home to major tech companies like Apple, Google, and Facebook. This creates a constant demand for housing, driving up property values. Investing in tax deeds here means tapping into a market that’s always appreciating.
How to Participate in Santa Clara County Tax Deed Auctions
Registration and Deposit
To participate in an auction, you need to register on the Santa Clara Department of Tax Collector Website. Registration is usually free, but a deposit is required, along with a $35 processing fee.
Auction Process
Visit the “Auction of Tax Defaulted Properties” section on the county’s website to find the auction calendar, rules, and details from prior auctions. Familiarize yourself with the process to avoid any surprises.
Payment and Deed
Once the auction closes, payment is due immediately. If you win the bid, you’ll receive a deed from the county, which will be recorded on your behalf. This deed usually grants you title free of previous encumbrances, although there may be exceptions such as easements or special assessments.
Before placing a bid, conduct thorough research. Check for potential easements, special assessments, or liens with the city’s Planning and Zoning Department or the Santa Clara County Department of Planning and Community Development. Also, consult the county recorder’s records to ensure there are no hidden issues with the property.
Buying at a tax deed auction allows you to purchase properties below market value while supporting community services funded by property taxes.
Do I need to register for the auction?
Yes, you must register beforehand and typically make a deposit.
What should I check before bidding?
Always conduct thorough research, including checking for easements, special assessments, or liens on the property.
For information on tax deed sales in Santa Clara County, you can visit the Santa Clara County Department of Tax and Collections website. There, you’ll find comprehensive details about the auction process, property lists, and how to participate. The county holds these auctions to recover unpaid property taxes, and properties are sold “as is.” Additionally, you can participate in auctions through platforms like Bid4Assets, which makes it easier to access and bid on available properties.
To get started, visit the Santa Clara County Tax Collector’s official site for auction schedules and specific details, or head to Bid4Assets for live auctions.
Type: Tax Deeds, Typical Sale Date: October, Redemption Period: None, Interest Rate: None, Bid Procedure: Premium Bid, Deposit Required: Single bid deposit (plus a $35 processing fee)
Always educate yourself and conduct thorough research before participating in tax deed auctions. If you need further guidance, book a call with us to get a customized investing plan tailored to your needs.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Santa Clara County
Securing Cheap Properties in Santa Clara County Tax Deed Sales
Tax deed sales can be an excellent way to secure property in a high-value area in a competitive market like Silicon Valley’s Santa Clara. Here’s a guide to help you navigate tax deed investing in Santa Clara County.
Why Consider Tax Deed Sales in Santa Clara?
High Returns on Investment
Tax deed investments can offer substantial returns, with potential ROI ranging from 18% to 36%. You might even secure a property for as little as $500. This method is particularly appealing in Santa Clara, where the real estate market is strong and continually growing.
Supporting the Community
When property taxes go unpaid, it impacts essential services like police, public schools, and emergency medical services. By purchasing tax deed properties, you’re helping fund these services while acquiring real estate below market value.
Prime Real Estate
Santa Clara is home to major tech companies like Apple, Google, and Facebook. This creates a constant demand for housing, driving up property values. Investing in tax deeds here means tapping into a market that’s always appreciating.
How to Participate in Santa Clara County Tax Deed Auctions
Registration and Deposit
To participate in an auction, you need to register on the Santa Clara Department of Tax Collector Website. Registration is usually free, but a deposit is required, along with a $35 processing fee.
Auction Process
Visit the “Auction of Tax Defaulted Properties” section on the county’s website to find the auction calendar, rules, and details from prior auctions. Familiarize yourself with the process to avoid any surprises.
Payment and Deed
Once the auction closes, payment is due immediately. If you win the bid, you’ll receive a deed from the county, which will be recorded on your behalf. This deed usually grants you title free of previous encumbrances, although there may be exceptions such as easements or special assessments.
Due Diligence Before Bidding
Before placing a bid, conduct thorough research. Check for potential easements, special assessments, or liens with the city’s Planning and Zoning Department or the Santa Clara County Department of Planning and Community Development. Also, consult the county recorder’s records to ensure there are no hidden issues with the property.
Frequently Asked Questions:
Buying at a tax deed auction allows you to purchase properties below market value while supporting community services funded by property taxes.
Yes, you must register beforehand and typically make a deposit.
Always conduct thorough research, including checking for easements, special assessments, or liens on the property.
For information on tax deed sales in Santa Clara County, you can visit the Santa Clara County Department of Tax and Collections website. There, you’ll find comprehensive details about the auction process, property lists, and how to participate. The county holds these auctions to recover unpaid property taxes, and properties are sold “as is.” Additionally, you can participate in auctions through platforms like Bid4Assets, which makes it easier to access and bid on available properties.
To get started, visit the Santa Clara County Tax Collector’s official site for auction schedules and specific details, or head to Bid4Assets for live auctions.
Here are some helpful links:
Always educate yourself and conduct thorough research before participating in tax deed auctions. If you need further guidance, book a call with us to get a customized investing plan tailored to your needs.
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