Contra Costa County, CA: APN: 513-082-022-7 (Item No. 50)

Due Diligence

Seller Name:	Contra Costa County
Rating:	Not Applicable
Location:	S 42ND St Richmond, CA 94804

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$35,400
Your Bid Status:	Log in to view status
It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	No Reserve!
Status:	Closed
Auction Started:	02-22-14 11:00 AM ET
Auction Closed:	02-25-14 02:00 PM ET
Bid Increment:	$100
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Government
Deposit Required:	$1,035 — See Instructions
Page Views:	436

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Asset Information

Item Specifics - Parcel Information

Parcel Information
APN	513-082-022-7
Legal Description	Click Here
Address	S 42ND St Richmond, CA 94804
Parcel Image	View Parcel Image
Parcel Map	View Parcel Map
GIS	View GIS
Add'l Information	County Default Number: 2007-06983 This parcel is subject to an additional City of Richmond Transfer Tax at the rate of $7.00 per $1,000.00 of the final sale price. Tax bill information
Additional Information
IRS Liens	YES

All Seller-Related Due Diligence

The due diligence items below apply to all related auctions from this seller.

California Law Regarding Bidder Non-Payment

Property List (PDF)

County Terms of Sale

Property List (Excel)

California Revenue & Taxation Code 3712

Asset Description

Bidding Requirements

To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.

Settlement Requirements

Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) on Friday, February 28, 2014. - No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to Contra Costa County and may be banned from future sales.

A California documentary transfer tax will be added to, and collected with, the full purchase price. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof, if the purchase price exceeds $100.00. Property within the city of Richmond must also pay a City Transfer Tax in addition to the Documentary Transfer Tax. The rate for this city tax is $7.00 per $1,000.00 of the purchase price. Also, a $35 per-parcel-won administrative fee will be added to the final sale price.

Only a successful bidder has the opportunity to purchase County assets. If the successful bidder defaults, under California State Law, The County cannot resort to the second highest bidder, and will be required to take APPROPRIATE LEGAL ACTION AGAINST THE BIDDER WHO DEFAULTS.

Payment Type

Certified/Cashier's Check
Wire Transfer