      
 Tax Real Estate Auction in Riverside County.Published: Monday, January 19, 2009 OK, so I was up late one night unable to fall asleep. As I flipped channels aimlessly I found an infomercial that peaked my interest. It was a how-to segment on purchasing foreclosed homes in real estate auctions for ridiculously low prices. Immediately I thought "yeah right, I bet it will only cost me $19.99" sleep deprived and delirious I continued to watch with an amplified level of skepticism. As I watched I found myself drawn in, the more I resisted the more I believed. At the end of the thirty minutes this company had made a very good case for their product. I can't say that it was enough to provoke me to purchase it, but it was enough to get the wheels in my head going. So I, the self professed Google Master logged on to the web and came up with some really good information. This article will detail my findings, and guess what it wont cost you $19.99. Here is how you too can buy real estate for hundreds of dollars.Counties create revenue, to be recycled into the community by collecting taxes. Are you following me? Great! Now when a home is vacant there is no one to pay those taxes so the county is losing out on that potential revenue. Don't get lost because here is where the plot thickens. Now let's assume a home in Riverside County forecloses and the home goes vacant. Before the home went into foreclosure the owner neglected to pay taxes. In real estate, the county has precedence in recovering property. Basically they trump any other institute, including banks. Now the county is not real interested in becoming a property management company. The county looks at the bigger picture, getting occupants in the home and paying taxes. So how do they remedy this dilemma? They sell the homes at crazy low prices, thus making it possible to buy real estate in Riverside County for hundreds of dollars. Now I am sure you are wondering how you can attend one of these auctions. Here's the scoop if you would like to attend a tax auction in Riverside County then you need to log on to the county clerks website. There you will find instructions about enrolling for the upcoming auction scheduled for Spring 2009. If you want up to date news about real estate and home auctions in Riverside County subscribe to this RSS feed. Other Recent ArticlesHome Buyer Tax Credit Extended Until April, 2010Category: Recent Articles Published: Thursday, December 10, 2009 The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes. 57,000 Foreclosures Remain in California – Lenders Scheduling More Home AuctionsCategory: Recent Articles Published: Thursday, December 03, 2009 The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time. Southern California Foreclosures Still the Bulk of Home SalesCategory: Recent Articles Published: Friday, November 27, 2009 Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.  January 2009
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