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County of
Riverside, California
Treasurer-Tax Collector
Tax Defaulted Properties Auction
Special Opportunity
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Starts July 16, 2020 at 11:00 AM ET (8:00 AM PT)
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Ends July 21, 2020 Closing times vary; check Auctions for details.
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Deposit Deadline July 13, 2020 at 4:00 PM ET (1:00 PM PT)
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Settlement Deadline July 24, 2020 at 4:00 PM ET (1:00 PM PT)
***Select parcels that do not receive a bid by July 16, 2020 will be re-offered for a reduced minimum bid as low as $2,748.00 beginning July 17th, 2020 at 9:00 A.M. PT***
Riverside County, CA is offering 30 tax defaulted properties for online auction.
**Please Note: Our Client Services Department will stay open until 8:00 PM ET (5:00 PM PT) on Monday, July 20th.**
Bids start as low as $2,748.00
These are all NO RESERVE auctions! Preview Now!!
Deposit Requirements
A single $2,500 deposit (plus a $35 non-refundable processing fee) is required to participate in the Riverside County, CA Tax Sale. **Please note that for Riverside County, all perspective bidders MUST fill out their vesting information before they are allowed to access the deposit instructions.** Your deposit must be received by Bid4Assets NO LATER THAN 4:00 PM ET (1:00 PM PT) Monday, July 13, 2020. Please make your deposit well in advance of the auction in order to ensure your eligibility to bid.
Click here for additional information on funding a deposit
Full payment must be received by Bid4Assets no later than 4:00 PM ET (1:00 PM PT) on Friday, July 24, 2020. - No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to the County of Riverside and may be banned from future sales.
A California documentary transfer tax will be added to and collected with the purchase price and is calculated at $.55 per each $500.00 or fraction thereof. Additionally, the City of Riverside has enacted the Real Property Transfer Tax Ordinance and charges an additional tax of $.55 per each $500.00 or fraction thereof. Also, a $35.00 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.
Please click the orange “Click Here for Deposit Instructions” link above to submit your deposit. Please review the following additional information on deposits.
- Only one deposit is required to participate in the entire county auction.
- Only reference the Deposit ID listed in the instructions. This ID is unique to each county auction. Regardless of which auction IDs you will be bidding on, please use the Deposit ID in the instructions.
- Only certified check or wire transfer are accepted. ACH, direct deposit, credit card, or money transfers will be rejected. Please do NOT deposit funds directly into Bid4Assets’ escrow account.
- There is no limit to the amount that you can bid; the bid deposit does not cap your bidding, it is simply a requirement to participate. Please do NOT send more money than the required deposit or your deposit may be rejected.
- Federal regulations require first-time bidders to complete a USA Patriot Act registration, which will be automatically generated when clicking for deposit instructions. ALL US citizens must complete this page. All non-US citizens must contact customer service for assistance.
- Please allow up to 48 business hours to acknowledge receipt of your deposit. You will be notified by email and in your message center when you are cleared to bid. Please note, certified checks may take an additional business day to process.
- For deposits received after the deadline, no guarantees can be made for participation. Bid4Assets’ deposit services team works diligently to clear deposits as quickly as possible, even late ones.
Bidders are urged to examine the title, location, and desirability of the properties to their own satisfaction prior to the sale. A complete list of properties available for auction is available below. Buying a tax defaulted property is a complex transaction and it is always recommended that buyers seek legal counsel.
A useful list of frequently asked questions as well as a tax sale glossary can be found in the right navigation pane.
If you have additional questions after reviewing the information in the auction, you are encouraged to contact the County in which the property is located. This information can be found in the “Contact Information” section below.
When you are ready to place a bid, click “Place Bid” on the auction page
place bid
Enter your bid amount in the Bid Amount box and be sure to agree to all the terms. At the bottom of the bid window, you will be prompted to reenter your Bid4Assets password as a security measure.
A more comprehensive, step-by- step guide to bidding is available by clicking here.
Additional Bid information
What is an Auto Bid? An auto bid is a maximum proxy bid which is held in confidence by the system. Bid4Assets will use only as much of the maximum bid as is necessary to maintain the bidder's high bid position or to meet the reserve. Please note: If two bidders place auto bids for identical amounts on the same auction, the earlier bid will be the leading bid.
Examples of Auto Bid:
- If the auction has a minimum bid of $200 and you enter your maximum bid amount of $400, your bid will automatically be placed at $200. Your bid will automatically increase as other bidders participate, up to your $400 maximum bid amount.
- If the auction has a Reserve Price of $20,000 (this amount is hidden from bidders) and you enter an Auto Bid of $18,000, your bid will automatically be placed at $18,000. The Reserve Price has not been met so there will be no winning bidder unless additional bids are placed.
- If the auction has a Reserve Price of $20,000 (this amount is hidden from bidders) and you enter an Auto Bid of $21,000, your bid will automatically be placed at the Reserve Price of $20,000. If another bidder jumps in, your bid will automatically increase until you meet your $21,000 maximum bid.
What is Overtime?
Overtime 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.
How can I Monitor My Auctions?
When bidding on multiple properties it is advisable to only bid on one auction at a time. You can find a list of properties that you have bid on in the “my bid list” tab of your profile. You will also receive confirmations of your placed bids as well as notifications of being out bid in your message center.
Can I bid on Withdrawn or Postponed Auctions?
No. Auctions must be live in order for you to able to place a bid. If a property is withdrawn or postponed by a county for any reason, it is no longer open for bidding. Please note, Bid4Assets does not have knowledge of why a property is withdrawn or postponed.
At the close of an auction, the highest bidder will be deemed the winner. After all the auctions in the county have closed, winning bidders will be notified in their message center with a congratulatory message that also alerts them to settlement requirements. The winning bidder will see each of the parcels that they won listed as a link to DeedWizard. The DeedWizard will allow you to quickly and easily provide vesting information and access settlement instructions. Any bidder that does not win a parcel or never participates in the auction after submitting a deposit will receive a refund.
Winning Bidders
- Winning bidders will be notified in their message center after the close of the auctions. A DeedWizard link is provided for quick and easy transfer of vesting information.
- Please review the county terms of sale for the payment deadline and make sure you have enough funds on hand to meet the deadline
- When making a settlement payment, please reference the auction IDs for the specific parcels you won.
- Your deed will be transferred by the county within the timeframe specified in the county’s terms of service. Generally, this can be anywhere from three weeks to three months. For questions relating to the timeline on recording the deed, please contact the county.
All Other Participants
- Any bidder who does not win one or more parcels after submitting a deposit will be refunded automatically with no need for request.
- Refund checks will be sent via eCheck shortly after the close of the auction. Bidders will be notified via an additional email when their eCheck refund has been sent.
- Refund eChecks will be sent to the email address associated with a bidder’s profile on Bid4Assets and made out to the name associated with that bidder’s Bid4Assets account. Please ensure this information is up to date before submitting a deposit.
For questions about the auction and the bidding process, please contact [email protected]
Additional county information can be obtained at the Riverside County Treasurer-Tax Collector website
For questions about the assets and information that is not listed in the auction, please contact the county at [email protected]
All Sales are final. There are absolutely no refunds.
All bidders must be at least 18 years of age.
Research and Inspect Thoroughly Before You Bid.
Prospective purchasers are urged to examine the title, physical location and desirability of the properties available to their own satisfaction prior to the sale.
Properties are sold “AS IS.”
CAUTION - INVESTIGATE BEFORE YOU BID:
The sale of these properties should not, in any way, be equated to real estate sales by licensed salespeople, brokers or realtors. The County of Riverside makes no guarantee, expressed or implied, relative to the title, physical location or condition of the properties for sale.
Delinquent property taxes will be paid from the proceeds of the sale, as they are included in the minimum bid. The current 2019/2020 tax bill which was due by December 10, 2019 and April 10, 2020 is included in the minimum bid.
When consideration or value of the interest or property conveyed exceeds one hundred dollars ($100) a California documentary transfer tax will be added to, and collected with the purchase price. The amount of this tax is calculated at the rate of $0.55 for each $500.00, or fractional part thereof in accordance with the provisions of Revenue and Taxation Code Section 11911. Additionally, the City of Riverside has enacted the Real Property Transfer Tax Ordinance and charges an additional tax of $0.55 for each $500.00 or fractional part thereof.
Prospective purchasers are advised that some liens, bonds or other assessments which are levied by agencies or offices other than the Treasurer-Tax Collector may still be outstanding after the tax sale.
The Riverside County Treasurer-Tax Collector requires that anyone wishing to participate as a bidder at a scheduled tax sale be registered to bid. Registration requirements vary from sale to sale and are announced approximately six to eight weeks prior to a scheduled sale.
