Up for auction is 76 lots in the California Pines subdivision in Modoc County. These properties were assessed at a total of approximately $1.41 million in the 2008-9 tax year. This represents a tremendous opportunity for investors and developers to buy a portfolio of California land at the cheapest prices imaginable.

The California Pines community website sells lots starting at $24,900!!!
http://www.calpines.com/

All parcels have some back taxes due, which will be the responsibility of the buyer. HOA fees are approximately $39/year per parcel and also may be delinquent. Buyer to pay actual closing costs direct to settlement agent. Buyer will receive quitclaim deeds, unless buyer wants to pay off back taxes and receive grant deeds.

Click here to determine back taxes on a parcel:
http://www.compulog.com/modoccounty/taxinfo.cfm

All property is sold as-is. A $2,500 non-refundable deposit is due within 2 business days of the end of the auction. Settlement to occur via settlement agent within 28 days of auction's close.

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.