Introduction
-
Riverside and San Diego counties are auctioning a total of more than 1,600 tax-delinquent properties, ranging from luxury commercial sites to residential sites and timeshares.
-
San Diego bidders have until March 3 to register for the March 13-18 auction, and Riverside bidders have until April 20 to register for the April 23-28 auction.
-
There are 666 lots in San Diego, and the Riverside auction includes nearly 1,000 properties, with select “re-offer” lots in Lake Elsinore and Wildomar starting at just $100.
san diego – San Diego and Riverside counties have announced back-to-back public auctions of more than 1,600 tax-delinquent properties, providing the region with a rare surge of real estate opportunities.
Some have starting bids as low as $100, and officials will open the registration portal for homes, vacant lots and commercial sites this month.
what we know
San Diego County Treasurer-Tax Collector Larry Cohen and the Riverside County Board of Supervisors approved two of the region’s largest tax sales in recent years.
In San Diego, 666 properties are scheduled to be auctioned online March 13-18. The inventory includes improved lots, unimproved lots and timeshare interests.
The Riverside County auction is larger, with 946 properties scheduled to be sold between April 23 and 28.
Related reports: Nearly 1,000 IE homes to go to auction in April: What to know
Inventory in the Inland Empire ranges from commercial properties worth $4.5 million to nearly two dozen lots in Lake Elsinore and Wildomar, with prices starting in the $100s.
To bid in either county, bidders must register online and provide a refundable deposit — $1,000 in San Diego and $5,000 in Riverside.
what we don’t know
While the number of properties listed is high, the number ultimately auctioned tends to be smaller.
It’s unclear exactly how many owners will come forward to pay off their debts before the final “redemption” deadlines in March and April.
timeline
February 26: The Riverside County registration and deposit window is officially open.
March 3: Last date to register for the San Diego County Auction.
March 12 (5 p.m.): Deadline for San Diego property owners to pay taxes and stop selling properties.
March 13-18: San Diego County Online Property Tax Auction.
April 20: Final deadline to register and submit a deposit for the Riverside County auction.
April 22: Last day for Riverside owners to redeem their properties.
April 23-28: Riverside County Online Property Tax Auction.
what are they talking about
San Diego Treasurer and Tax Collector Larry Cohen stressed that his office “makes every effort” to contact owners before a sale, but noted that auctions are a necessary step in “selling properties that have been delinquent for at least five years.”
In Riverside, the Board of Supervisors unanimously approved the sale, returning the parcel to “income-producing status.” Officials there also urged residents without home internet to “use public computer terminals at Riverside County Library System branches” to ensure fair participation in the bidding process.
what can you do
If you are a potential buyer, you should immediately begin researching a specific parcel of land through the appropriate Treasurer-Tax Collector website.
>> Tap or click here to learn about San Diego County<
>>Tap or click here to view Riverside County<
For Riverside Auctions, bidders are encouraged to verify all zoning laws and actual site conditions before bidding as “all sales are final.”
If you are a property owner currently in default, please contact your county tax collector to arrange payment before the March 12 (San Diego) or April 22 (Riverside) redemption deadline.
source
This report is based on information from the San Diego County Treasurer-Tax Collector’s Office and the Riverside County Board of Supervisors, as well as the San Diego County and Riverside County Treasurer-Tax Collector departments.
