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Property Tax Sales

U

UkiwiS

TUG Member
Joined
Feb 9, 2010
Messages
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Location
San Diego
I'm looking at some Timeshares that are up for bid by San Diego County in their "Property Tax Sale"

Has anyone purchased a Timeshare via this method previously?

Is the new owner liable for any outstanding maintenance fees or is the slate wiped clean?

Thanks in advance for any info or advice.

KIWI
 
You should ask for the rules of THAT auction ... with the people running the auction.

Some auctions (for a variety of various public auctions, not just timeshares) ... will have buyer paying back taxes, condition of the property (like special assetments), a loan balance unpaid, etc.

Auctioneer might have a wedsite?
 
There was a recent auction in Orange County. I looked at a few of them but most were 5 years delinquent, so I assumed the maintenance fees were too. I concluded it would be cheaper to buy resale. I think Marriott picked up the Newport Coast inventory to resell.


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It's the maintenance fees that I'm unsure of and I cannot find a lot of info on.

Thanks for the replies.

Thanks
KIWI
 
I can't see any reason for the resorts to forgive any unpaid MF or other dues. In the case of a tax auction, the county is accepting the auction proceeds as payment, not nothing goes to the resort or any other creditor. I think you will probably have to pay any delinquent MF as well unless you can confirm otherwise with the auction.
 
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