|Seller Name:||Contra Costa County|
28 PETAR CT
PITTSBURG, CA 94565
|Number of Bids:||307|
|This is the final amount the asset was sold for. Winning Bid:||$315,100|
|It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:||$48,200|
|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!|
|Auction Started:||02-22-20 11:00 AM ET|
|Auction Closed:||02-25-20 03:03 PM ET|
|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|
|Deposit Required:||$5,035 — See Instructions|
|The Contra Costa County Treasurer-Tax Collector offers tax-defaulted property for auction and encourages bidders to research the property thoroughly using the following information as a starting point.|
|County Item No||2013-01757|
|Legal Description||Click Here|
|Address||28 PETAR CT
PITTSBURG, CA 94565
|Parcel Image||View Parcel Image|
|Parcel Map||View Parcel Map|
The due diligence items below apply to all related auctions from this seller.
General Tax Sale Information
End of Auction
After the close of the final Contra Costa County listing for auction, all winning bidders are sent detailed instructions via e-mail on settlement procedures and how to provide the county with the necessary deed transfer information.
Contra Costa County requires that the winning bidder submit the deed transfer information to Bid4Assets within 48 hours of the close of auction.
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.
Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) on Friday, February 28, 2020. - 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.