|Seller Name:||Contra Costa County|
701 POMONA ST
CROCKETT, CA 94525
|Auction Started:||02-22-20 11:00 AM ET|
|Auction Closed:||02-25-20 02:30 PM ET|
|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||2011-05211|
|Legal Description||Click Here|
|Address||701 POMONA ST
CROCKETT, CA 94525
|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.