[garysears]

The amount of time you can go without paying property tax before the county sells the property at the tax sale is at least 6.5 years.

I researched this on the county tax collector site (http://www.sdtreastax.com) after I found a property that has gone 5 years without paying the property tax.

Five years after the property is in default it becomes subject to the county’s power to sell. It isn’t in default until the end of the first year with no payments. So the first year of not paying is free. Then, after five more years of no payments, the county can sell at the tax sale (and must within 3 years). The tax sale is in February and July is the default month. 6.5 years from last tax payment made to tax sale date can be safely assumed.

The June 8, 2009 Notice of Impending Power to Sell Tax Defaulted Properties does not list the property I am watching (last current in June 2004, no payments made 2005-2009). The most recent properties to be served notice: PROPERTY TAX DEFAULTED ON JUNE 30, 2004 FOR THE TAXES ASSESSED
AND OTHER CHARGES FOR THE 2003-2004 FISCAL YEAR.

This means the taxes for these properties were last current on June 30, 2003. They will make the February 2010 tax sale.

[garysears]

816 La Presa, Spring Valley 91977
MLS# 090027481

OK, maybe taking a picture of the house in deep shadow isn’t that uncommon, nor is making that one the picture that shows on the listing. But what is the deal with the second picture of the window?

The realtor might as well have put a caption that says: “Tenth of a million dollar views”. Come to think of it, the window is probably the biggest selling point for that property.

[garysears]

816 La Presa, Spring Valley 91977
MLS# 090027481

OK, maybe taking a picture of the house in deep shadow isn’t that uncommon, nor is making that one the picture that shows on the listing. But what is the deal with the second picture of the window?

The realtor might as well have put a caption that says: “Tenth of a million dollar views”. Come to think of it, the window is probably the biggest selling point for that property.

[garysears]

816 La Presa, Spring Valley 91977
MLS# 090027481

OK, maybe taking a picture of the house in deep shadow isn’t that uncommon, nor is making that one the picture that shows on the listing. But what is the deal with the second picture of the window?

The realtor might as well have put a caption that says: “Tenth of a million dollar views”. Come to think of it, the window is probably the biggest selling point for that property.

[garysears]

816 La Presa, Spring Valley 91977
MLS# 090027481

OK, maybe taking a picture of the house in deep shadow isn’t that uncommon, nor is making that one the picture that shows on the listing. But what is the deal with the second picture of the window?

The realtor might as well have put a caption that says: “Tenth of a million dollar views”. Come to think of it, the window is probably the biggest selling point for that property.

[garysears]

816 La Presa, Spring Valley 91977
MLS# 090027481

OK, maybe taking a picture of the house in deep shadow isn’t that uncommon, nor is making that one the picture that shows on the listing. But what is the deal with the second picture of the window?

The realtor might as well have put a caption that says: “Tenth of a million dollar views”. Come to think of it, the window is probably the biggest selling point for that property.

[garysears]

No imagination.

[garysears]

No imagination.

[garysears]

No imagination.

[garysears]

No imagination.

[garysears]

No imagination.

[garysears]

I agree with CA renter. I’m tired of hearing how REO’s are “deeply discounted”. They are actually the market. If they were worth more, people would be paying more.

In the boom times the total crap that is much of the old SD housing stock sold for above asking, seemingly regardless of condition. Buyers were anticipating further appreciation and discounting the amount of renovation necessary in order to “get in the real estate game”.

But now when buyers look at these same properties, they aren’t seeing potential appreciation as much as the long neglected maintenance. All of the sudden it is “in” to make the house liveable. How else can you explain a house built in the 1950s that in 2006 sold for 450K, now all of the sudden in 2009 being a 180K “fixer”. The truth is that it was a fixer in 2006 as well but nobody cared.

The homes that are actually well maintained are few and far between in the areas I’m looking. Most of those must be owned by long term homeowners not in trouble with the mortgage. Too bad the responsible homeowners have their values dragged down by the irresponsible.

[garysears]

I agree with CA renter. I’m tired of hearing how REO’s are “deeply discounted”. They are actually the market. If they were worth more, people would be paying more.

In the boom times the total crap that is much of the old SD housing stock sold for above asking, seemingly regardless of condition. Buyers were anticipating further appreciation and discounting the amount of renovation necessary in order to “get in the real estate game”.

But now when buyers look at these same properties, they aren’t seeing potential appreciation as much as the long neglected maintenance. All of the sudden it is “in” to make the house liveable. How else can you explain a house built in the 1950s that in 2006 sold for 450K, now all of the sudden in 2009 being a 180K “fixer”. The truth is that it was a fixer in 2006 as well but nobody cared.

The homes that are actually well maintained are few and far between in the areas I’m looking. Most of those must be owned by long term homeowners not in trouble with the mortgage. Too bad the responsible homeowners have their values dragged down by the irresponsible.

[garysears]

I agree with CA renter. I’m tired of hearing how REO’s are “deeply discounted”. They are actually the market. If they were worth more, people would be paying more.

In the boom times the total crap that is much of the old SD housing stock sold for above asking, seemingly regardless of condition. Buyers were anticipating further appreciation and discounting the amount of renovation necessary in order to “get in the real estate game”.

But now when buyers look at these same properties, they aren’t seeing potential appreciation as much as the long neglected maintenance. All of the sudden it is “in” to make the house liveable. How else can you explain a house built in the 1950s that in 2006 sold for 450K, now all of the sudden in 2009 being a 180K “fixer”. The truth is that it was a fixer in 2006 as well but nobody cared.

The homes that are actually well maintained are few and far between in the areas I’m looking. Most of those must be owned by long term homeowners not in trouble with the mortgage. Too bad the responsible homeowners have their values dragged down by the irresponsible.

[garysears]

I agree with CA renter. I’m tired of hearing how REO’s are “deeply discounted”. They are actually the market. If they were worth more, people would be paying more.

In the boom times the total crap that is much of the old SD housing stock sold for above asking, seemingly regardless of condition. Buyers were anticipating further appreciation and discounting the amount of renovation necessary in order to “get in the real estate game”.

But now when buyers look at these same properties, they aren’t seeing potential appreciation as much as the long neglected maintenance. All of the sudden it is “in” to make the house liveable. How else can you explain a house built in the 1950s that in 2006 sold for 450K, now all of the sudden in 2009 being a 180K “fixer”. The truth is that it was a fixer in 2006 as well but nobody cared.

The homes that are actually well maintained are few and far between in the areas I’m looking. Most of those must be owned by long term homeowners not in trouble with the mortgage. Too bad the responsible homeowners have their values dragged down by the irresponsible.

[Author]

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