Terms of Sale - Q & A
2020 Tax Sale - Online Internet Auction
AS A BIDDER YOU AGREE TO THE TERMS AND CONDITIONS OF THE INTERNET AUCTION CONTAINED HEREIN. THE HIGHEST BIDDER IS LEGALLY OBLIGATED TO COMPLETE THE PURCHASE. FAILURE TO COMPLETE A PURCHASE CONSTITUTES A BREACH OF CONTRACT AND MAY RESULT IN LEGAL ACTION AGAINST YOU.
Warning! Research Before You Invest
"CAVEAT EMPTOR" MEANS, "BUYER BEWARE".
WARNING - RESEARCH BEFORE YOU INVEST!
- Tax Defaulted Property is sold on an "As Is" basis.
- Any costs incurred by the purchaser during the process will be borne by the purchaser.
- There are absolutely NO refunds of expenses, purchases, nor refunds of deposit.
Tax Collector cannot guarantee the current, future, or potential use and/or condition of the property nor assume any responsibility for conformance to codes, permits or zoning ordinances.
You should inspect the property before investing. The burden is on the purchaser to thoroughly research, before the sale, any matters relevant to his or her decision to purchase. The County's sole interest in the sale is the recovery of back taxes.
It is recommended that bidders consult with the Zoning Department of any city within which a particular parcel lies, or the Zoning Section of the County Planning Department for an unincorporated area parcel. Tax-defaulted property will be sold on an "as is" basis. Any costs incurred by the purchaser during the process will be borne by the purchaser.
Anyone wishing to participate as a bidder in our tax sale must be registered to bid.
Bidder Registration and Deposit Requirements
To purchase a property through the internet auction, you must:
1. Be 18 years of age or older.
2. Be a valid, registered bidder and submitted the required deposit
3. Have sufficient payment in the proper form to complete your purchase(s)
A $2,500 advance bid deposit, is required of each bidder prior to bidding on any property that is part of this internet auction. The deposit payment shall be made via an electronic debit (ACH debit) through www.bid4assets.com starting on April 20, 2020, at 9 a.m. Pacific Time. In order to participate in this tax auction.
Registration is not permitted through the mail
Refund of the bid deposit shall be made to unsuccessful bidders within ten (10) business days after the close of the internet tax auction.
Bid4assets shall transfer the deposit of the successful bidders (i.e., the highest bidder of each property auction) to the County of Madera where the deposit shall be credited toward their purchases.