With the countdown ticking, San Diego County Treasurer-Tax Collector Dan McAllister has issued a reminder to those eyeing the county's virtual tax-defaulted property block — registration closes in just a week, and the auction is boasting more than 600 listings, according to the official announcement. There's significant interest expected in this year's online event, which is set to parade a diverse mix, including residential spots, commercial digs, timeshares, and parcels of land.
McAllister is optimistic, aiming high for total sell-through, "It’s our goal to sell every parcel; selling these properties enables us to generate revenue for the county, and helps us provide needed services in our community,” he stated via the news report, hopeful that both local and international bidders will seize upon the auction as it rolls out from March 14-19. However, bidder sign-ups and the mandatory deposit and fee are needed by March 6. Yet, with the possibility that owners can halt the sale and save their property from the auction block by squaring their tax bill by the evening of March 13, this is a chance at redemption before the County recoups lost taxes.
Prospective participants have an array of choices within this real estate grab-bag: 65 residential or commercial properties to be precise, alongside 488 timeshares ripe for the snapping-up, while 84 land parcels beckon builders or investors, and with certain timeshares opening at a mere $100 minimum bid this could be quite the steal all in the interest of reinflating county coffers — "The County stands to bring in $16.3 million in tax revenue if all the properties are sold for the minimum bid,” McAllister detailed. A full catalogue and other research tools are available online for bidders' due diligence.
As with all things auction, each sale is locked in upon the fall of the virtual hammer, caveat emptor, so due research is highly recommended by the Treasurer-Tax Collector's team, which can be commenced through their dedicated website, and yes, each property has been a tax delinquent for over half a decade. Clearly, the county sees this auction as not just an opportunity to refill its coffers but to get these parcels back to productive use. McAllister said, "In accordance with the California Revenue & Taxation Code, it’s time to get the properties back on the tax roll generating revenue for public services,” thereby turning this impending sale into a win-win for the San Diego community.
