IE Business Daily Business news for the Inland Empire.
San Bernardino County will hold its annual auction of tax-defaulted properties next month.
The online auction will start May 11 and will have staggered closing time from May 13 through May 17, according to a statement on the county’s website.
The auction will consist of more than 1,600 properties that have been tax-defaulted for five or more years. Those parcels include single-family homes, multi-unit apartments, duplexes, triplexes, commercial buildings, vacant land, and more than 125 timeshares. Opening bids start as low as $1,000.
“The benefit of a tax sale is getting tax-defaulted properties back into tax paying status to fund key public services, including education, police and fire protection, and social and public health services,” said Ensen Mason, the county’s tax collector, in the statement. “Winning bidders have the opportunity to buy real estate at potentially reduced prices.”
To participate, an advance deposit of $5,000, plus a $35 non-refundable bid deposit processing fee, is due by May 3, 2019, at 5 p.m.
More information is available at www.MyTaxCollector.com.
