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HomeMy WebLinkAbout16 TAX-DEFAULTED PROPERTY AT 2210 BOWMAN AVENUE~ ~` ,• Agenda Item: 16 revised AGENDA REPORT Reviewed: `~'~_ ; ~:-~~'° City Manager ~_ _,i1 Finance Director MEETING DATE: APRIL 19, 2011 TO: HONORABLE MAYOR AND COUNCIL MEMBERS, CHAIRMAN AND TUSTIN COMMUNITY REDEVELOPMENT AGENCY BOARD MEMBERS FROM: CHRISTINE SHINGLETON, ASSISTANT CITY MANAGER SUBJECT: TAX-DEFAULTED PROPERTY LOCATED AT 2210 BOWMAN AVENUE IN TUSTIN SUMMARY Direction from the City Council is requested for the City, on a case by case basis, to respond to County sales of tax defaulted property within Tustin. Approval is requested for the purchase of atax-defaulted property located at 2210 Bowman Avenue and its addition to the City's Affordable Housing Program. RECOMMENDATION 1. It is recommended that the City Council: A. Adopt Resolution No. 11-33 authorizing the City Manager or Assistant City Manager to do the following in accordance with Section 3695 of the California Revenue and Taxation Code: (1) Provide written notification to the Office of the Treasurer-Collector of Orange County objecting to the public sale of the property at 2210 Bowman Avenue on the grounds that the subject property is necessary for a City public use for purposes of affordable housing. (2) Execute any required documents related to thereto, subject to review and approval of the City Attorney or special real estate counsel to the City. B. Direct staff in the future to bring back to the City Council on an individual case by case basis any County notices received on the sale of other tax-defaulted properties in Tustin. 2. It is recommended that the Tustin Community Redevelopment Agency appropriate $100,000 out of the Town Center Housing Set Aside Fund for purchase of the subject Agenda Report April 19, 2011 Page 2 property and that Agency staff be authorized to market the subject unit for inclusion in the City's Affordable Housing Program, subject to approval of any subsequent escrow documents and Affordable Housing Covenants and related documents by the City Manager or Assistant City Manager, subject to review and approval of the City Attorney or special real estate counsel to the City. FISCAL IMPACT The funds needed in order to purchase the subject property are approximately $93,100, plus any legal fee?;, escrow costs, and other costs associated with assessment liens which are not expected to exceed approximately $6,900. This amount includes the lien currently recorded against the property as a result of delinquent property taxes. Once paid in full, the City will then become the property owner. The intention for purchasing this property is its inclusion in the City's affordable housing inventory. The property will then be marketed and sold to an income-qualified buyer in either the Low or Moderate income category. Staff estimates that the property could be resold for a maximum affordable sales price of $369,228 at the Moderate Income Level or $181,539.00 at the Low Income Level in accord with California Health and Safety Code Section 50052.5(b)(4). Depending on the income level at which the unit is sold, and any applicable marketing and resale costs, the sale of said unit will result in net proceeds to the City. The Agency will oversee the marketing and the resale of the property. In conjunction with the purchase of the property by a potential buyer, the appropriate housing agreements will be executed by all parties to ensure affordability restrictions on the property are in effect over the next forty-five (45) years. City staff will continue to monitor and manage this property as part of its affordable housing stock. BACKGROUND On April 6, 2011, City staff received correspondence from the Office of the Treasurer- Tax Collector of Orange County in regards to a property located at 2210 Bowman Avenue in Tustin. The purpose of the letter was to inform the City that the subject property is tax-defaulted, and as such, the County Board of Supervisors has approved the sale of the property. The Orange County Tax Collector requires written notification directly from the City either consenting or objecting to the sale. If the City objects to the sale, it may purchase the property from the County for the minimum bid of $93,100 as listed in the County's notice. While tax sales in Tustin do not occur on a regular basis, given current economic conditions, policy direction on the City's response to these types of situations on a case by case basis would be helpful. City staff has completed its due diligence and thoroughly researched the subject property. Information utilized for conducting the research included the following website Agenda Report April 19, 2011 Page 3 resources: CoreLogic, Southern California Multiple Listing Service, and the Orange County Tax Collector's Office. Based on the research conducted, it was determined that the subject property is located in a private gated community in Tustin Ranch directly west of the Tustin Ranch Golf Course. The property is scheduled to be auctioned by the Orange County Tax Collector on June 29, 2011. According to the Orange County Tax Collector's records, property taxes have not been paid for the last five (5) years. According to public property records, there has only been one owner of the property and the property was purchased for $554,000 in 1992. The following documents have been included as a reference: • Notice of Tax Lien Sale • Orange County Tax Collector Auction List • Property Detail Report • Property Defaulted Tax Lien History • Property Tax Bill for 2010/2011 • Property Tax Default History for 2010/2011 • Property Value Analysis • Orange County Tax Collector's Auction Process and Guidelines • Affordable Price Calculation for 2210 Bowman Avenue According to the letter provided by the Orange County Tax Collector, the City has until May 2, 2011 to provide written notification either consenting or objecting to the sale. Based on the Orange County Tax Collector's Auction Process and Guidelines, Section 15 Liens, a tax deed cancels all private liens, but will not cancel any public liens. According to First American Title Company, the liens currently recorded against the property are for delinquent property taxes in the amount of $68,922, a first deed of trust in the amount of $440,000 (Standard Pacific), a second deed of trust in the amount of $40,000, and a Homeowners Association lien in the amount of $727.32. Based on the OC Tax Collector's Auction Process and Guidelines Section 15, a private lien is classified as any deeds of trust, mechanic's liens, judgments, etc. For the subject property, liens subject to cancellation would include both deeds of trust as well as the Homeowner's Association lien. The Property Tax bill for 2010/2011, shows special assessments that are applicable to the subject property which include, but are not limited to, 1915 Assessment District Bond M2 (Public Facilities), Landscape and Lighting #1, and Mello Roos R3 (TUSD). The amount of the delinquent payments due for all assessments has been included in the property tax lien. If the property tax lien were paid in full, all other assessment and tax entities would be made whole as well. Agenda Report April 19, 2011 Page 4 The Housing Element of the General Plan and the Southern California Association of Government's (SCAG's) Regional Housing Needs Assessment (RHNA) has determined the City's share of regional housing needs pursuant to Section 65584 of the California Government Code. According to the Housing Element between January 1, 2006 and June 30, 2014, the City's total affordable housing production obligation for this period is 1,390 affordable units. Of these required units, approximately 437 units have been produced to date, leaving a remaining significant balance as of June 30, 2010 of 953 units. As the City Council and Agency are aware, California Redevelopment Law requires that every redevelopment agency set aside 20% of its tax increment to increase, improve, and preserve the community's supply of low and moderate income housing. These revenues may be expended inside or outside a project area for acquisition of dwelling units to support affordable housing in the City. If expended outside of a Project Area, a resolution must be adopted stating that outside expenditures are of benefit to a Project Area. To support the goals and objectives of the City's Housing Program, the Agency has adopted Findings of Benefit for all of its Redevelopment Project Areas permitting use of Housing Set Aside Funds outside of Redevelopment Project Areas and throughout the City as being a direct benefit to the Project Areas. The Five Year Implementation Plans for the South Central and Town Center Redevelopment Project Areas permits the acquisition and/or rehabilitation of residential housing units. Should you have any questions, staff will be available to respond. ~C Christine A. Shinglet Assistant City Manager Attachments RESOLUTION NO. 11-33 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING THE CITY MANAGER OR ASSISTANT CITY MANAGER TO PROCEED WITH THE PURCHASE OF A TAX- DEFAULTED PROPERTY LOCATED AT 2210 BOWMAN AVENUE IN TUSTIN The City Council of the City of Tustin does hereby resolve as follows: The City Council finds and determines as follows: A. City staff was notified by the Office of the Treasurer-Collector of Orange County of atax-defaulted property located at 2210 Bowman Avenue in Tustin; and B. The Office of the Treasurer-Collector of Orange County requires written notification from the City either consenting or objecting to the public sale of such property; and C. The property has been identified as a single family residential property outside of a Redevelopment Project Area; and D. To support the goals and objectives of the City's Housing Program, the Tustin Community Redevelopment Agency has adopted Findings of Benefit Resolution for all of its Redevelopment Project Areas permitting use of Housing Set Aside Funds outside of Redevelopment Project Areas and throughout the city as being a direct benefit to the Redevelopment Project Areas; and E. Specific affordable housing needs have been identified by the Housing Element of the General Plan and the Southern California Association of Government's (SCAG's) Regional Housing Needs Assessment (RHNA) has determined the City's share of regional housing needs pursuant to Section 65584 of the California Government Code. Currently, a significant balance is remaining of 953 units to be produced by June 30, 2014. F. The Five Year Implementation Plans for the South Central and Town Center Redevelopment Project Areas permits the acquisition and/or rehabilitation of residential housing units. II. The City Council does hereby resolve to authorize the City Manager or Assistant Resolution No. 11-33 Page 1 of 3 Manager to do the following in accord with Section 3695 of the California Revenue and Taxation Code: A. Provide written notification to the Office of the Treasurer-Collector of Orange County objecting to the public sale of the subject property on the grounds that subject property is necessary for a City public use for purposes of affordable housing; and B. Execute any required documents related thereto, subject to review and approval of the City Attorney or special real estate counsel to the City. PASSED AND ADOPTED by the City Council of the City of Tustin, at a regular meeting on the 19th day of April, 2011. JERRY AMANTE, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA ) ORANGE COUNTY ) Resolution No. 11-33 Page 2 of 3 CITY OF TUSTIN I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 11-33 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 19th day of April, 2011, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER, City Clerk Resolution No. 11-33 Page 3 of 3 • A ends Item 16 AGENDA REPORT Reviewed: ~- City Manager ~~ - Finance Di ctor -~ , r.~ ~ J~ MEETING DATE: APRIL 19, 2011 TO: HONORABLE MAYOR AND COUNCIL MEMBERS, CHAIRMAN AND TUSTIN COMMUNITY REDEVELOPMENT AGENCY BOARD MEMBERS FROM: CHRISTINE SHINGLETON, ASSISTANT CITY MANAGER SUBJECT: TAX-DEFAULTED PROPERTY LOCATED AT 2210 BOWMAN AVENUE IN TUSTIN SUMMARY Direction from the City Council is requested for the City, on a case by case basis, to respond to County sales of tax defaulted property within Tustin. Approval is requested for the purchase of atax-defaulted property located at 2210 Bowman Avenue and its addition to the City's Affordable Housing Program. RECOMMENDATION 1. It is recommended that the City Council authorize the City Manager or Assistant City Manager to proceed with the purchase of the subject property directly from the Office of the Treasurer-Collector of Orange County, and to execute any required documents related thereto. Any County notices received on the sale of tax defaulted properties in Tustin will be brought back to the Council on an individual case by case basis. 2. It is recommended that the Tustin Community Redevelopment Agency appropriate $100,000 out of the Town Center Housing Set Aside Fund for purchase of the subject property and that Agency staff be authorized to market the subject unit, subject to approval of any subsequent escrow documents and Affordable Housing Covenants and related documents by the City Manager or Assistant City Manager, subject to review and approval of the City Attorney or special real estate counsel to the City. FISCAL IMPACT The funds needed in order to purchase the subject property are approximately $93,100, plus any legal fees, escrow costs, and other costs associated with assessment liens which are not expected to exceed approximately $6,900. This amount includes the lien currently recorded against the property as a result of delinquent property taxes. Once paid in full, the City will then become the property owner. The intention for purchasing City Council Agency Report April 19, 2011 Tax-Defaulted Property Located at 2210 Bowman Avenue Page 2 this property is its inclusion in the City's affordable housing inventory. The property will then be marketed and sold to an income-qualified buyer in either the Low or Moderate- income category. Staff estimates that the property could be resold for a maximum affordable sales price of $369,228 at the Moderate Income Level or $181,539.00 at the Low Income Level in accord with California Health and Safety Code Section 50052.5(b)(4). Depending on the income level at which the unit is sold, and any applicable marketing and resale costs, the sale of said unit will result in net proceeds to the City. The Agency will oversee the marketing and the resale of the property. In conjunction with the purchase of the property by a potential buyer, the appropriate housing agreements will be executed by all parties to ensure affordability restrictions on the property are in effect over the next forty-five (45) years. City staff will continue to monitor and manage this property as part of its affordable housing stock. BACKGROUND On April 6, 2011, City staff received correspondence from the Office of the Treasurer- Collector of Orange County in regards to a property located at 2210 Bowman Avenue in Tustin. The purpose of the letter was to inform the City that the subject property is tax- defaulted, and as such, the County Board of Supervisors has approved the sale of the property. The Orange County Tax Collector requires written notification directly from the City either consenting or objecting to the sale. If the City objects to the sale, it may purchase the property from the County for the minimum bid of $93,100 as listed in the County's notice. While tax safes in Tustin do not occur on a regular basis, given current economic conditions, policy direction on the City's response to these types of situations on a case by case basis would be helpful. City staff has completed its due diligence and thoroughly researched the subject property. Information utilized for conducting the research included the following website resources: CoreLogic, Southern California Multiple Listing Service, and the Orange County Tax Collector's Office. Based on the research conducted, it was determined that the subject property is located in a private gated community in Tustin Ranch directly west of the Tustin Ranch Golf Course. The property is scheduled to be auctioned by the Orange County Tax Collector on June 29, 2011. According to the Orange County Tax Collector's records, property taxes have not been paid for the last five (5) years. According to public property records, there has only been one owner of the property and the property was purchased for $554,000 in 1992. City Council Agency Report April 19, 2011 Tax-Defaulted Property Located at 2210 Bowman Avenue Page 3 The following documents have been included as a reference: • Notice of Tax Lien Sale • Orange County Tax Collector Auction List • Property Detail Report • Property Defaulted Tax Lien History • Property Tax Bill for 2010/2011 • Property Tax Default History for 2010/2011 • Property Value Analysis • Orange County Tax Collector's Auction Process and Guidelines • Affordable Price Calculation for 2210 Bowman Avenue According to the letter provided by the Orange County Tax Collector, the City has until May 2, 2011 to provide written notification either consenting or objecting to the sale. Based on the Orange County Tax Collector's Auction Process and Guidelines, Section 15 Liens, a tax deed cancels all private liens, but will not cancel any public liens. According to First American Title Company, the liens currently recorded against the property are for delinquent property taxes in the amount of $68,922, a first deed of trust in the amount of $440,000 (Standard Pacific), a second deed of trust in the amount of $40,000, and a Homeowners Association lien in the amount of $727.32. Based on the OC Tax Collector's Auction Process and Guidelines Section 15, a private lien is classified as any deeds of trust, mechanic's liens, judgments, etc. For the subject property, liens subject to cancellation would include both deeds of trust as well as the HOA lien. The Property Tax bill for 2010/2011, shows special assessments that are applicable to the subject property which include, but are not limited to, 1915 Assessment District Bond M2 (Public Facilities), Landscape and Lighting #1, and Mello Roos R3 (TUSD). The amount of the delinquent payments due for all assessments have been included in the property tax lien, therefore, if the property tax lien were paid in full, all other assessment and tax entities would be made whole as well. The Housing Element of the General Plan and the Southern California Association of Government's (SCAG's) Regional Housing Needs Assessment (RHNA) has determined the City's share of regional housing needs pursuant to Section 65584 of the California Government Code. According to the Housing Element between January 1, 2006 and June 30, 2014, the City's total affordable housing production obligation for this period is 1,390 affordable units. Of these required units, approximately 437 units have been produced to date, leaving a remaining significant balance as of June 30, 2010 of 953 units. City Council Agency Report April 19, 2011 Tax-Defaulted Property Located at 2210 Bowman Avenue Page 4 As the City Council and Agency are aware, California Redevelopment Law requires that every redevelopment agency set aside 20% of its tax increment to increase, improve, and preserve the community's supply of low and moderate income housing. These revenues may be expended inside or outside a project area for acquisition of dwelling units to support affordable housing in the City. If expended outside of a Project Area, a resolution must be adopted stating that outside expenditures are of benefit to a Project Area. To support the goals and objectives of the City's Housing Program, the Agency has adopted Findings of Benefit for all of its Redevelopment Project Areas permitting use of Housing Set Aside Funds outside of Redevelopment Project Areas and throughout the City as being a direct benefit to the Project Areas. The Five Year Implementation Plans for the South Central and Town Center Redevelopment Project Areas permits the acquisition and/or rehabilitation of residential housing units. Should you have any questions, staff will be available to respond. / ~ Christine A. Shingle Assistant City Man er Attachments OFFICE OF THE TREASURER-TAX COLLECTOR sHARI ~. FREIDENRICH TREASURER'7AX C'OL/.£C70R ` 0~'~ -CPA, CCMT, CP FA. CPFIM HALL OF FINrANCE BL R~E+ CORDS 1',~s -,- FAUL C. coRMAN 62G N. ROilC. CryTREET BUILDING 7 1 ROOM G-~~p. ~ CN[EFASSIJ'TANT TREASURER-TAX CULLEC'TfIR JJ 1 V 1~ ~OJ ~J 1 , D 1 p> O CPA, CTP, CPFIM POST OFFICE DOJO 1430 JENNIFER BURKHART SANTA ANA, CA 92702 ASSISTANT TREASURER-Ti1X COldECFI^R wWW.ttC.OCgOV.COm ROBIN RUSSELL ASSISTANT TREASURER-TAX COLLECTOR April 1, 2011 City of Tustin Attn: David Biggs City Hall 300 Centennial Way Tustin, Ca 92780 Dear NIr. Biggs: Enclosed is a copy of a Resolution of the Board of Supervisors on March 15, 2011 approving the sale of certain tax-defaulted property in Tustin and the list of properties and their associated minimum bid amounts required. We plan to sell these properties. This letter is being sent to you in compliance with Section §3700 of the Revenue and Taxation Code. The office of the Orange County Tax Collector requires written notification from your jurisdiction by May 2 2011 either consenting or objecting to this sale. If you object to the sale, your jurisdiction may purchase the property for the amount of the minimum bid listed on the attachment. Please return the written notification by May 2, 2011. If you have any questions, please call me at (714) 834-7621 or email me at yodriguez@ttc.ocgov.com. S77i~~ncerely, v Yolanda Rodriguez Tax Compliance Officer Enclosures ORANGE COUNTY BOARD OF SUPERVISORS MINUTE ORDER March 15, 2011 Submitting Agency/Department• Treasurer-Tax Collector Adopt resolution approving public auction sale # 1382 oftax-defaulted real property -Alt Districts The following is action taken by the Board of Supervisors: APPROVED AS RECOMMENDED ® OTHER ^ Unanimous ®(1) NGUYEN: Y (2) MOORLACH: Y (3) CAMPBELL: Y (4} NELSON: Y (5) BATES: Y i/ote Key.• Y=Yes; N=No,- A=Abstain,- X=Excused; B. O. =Board Order Documents accompanying this matter: ~ Resolution(s) 11-030 ^ Ordinances(s) D Contract(s) Item No. 7 Special Notes: Copies sent to: CEO 7TC -Patricia Hutt - w/Reso. 3/17/11 c\~s~i .~ I.~, L,Z I certify that the foregoing is a true and correct copy of the Minute Order adopted by the B f Supervisors ,Orange County, State of California. DARLENE . B O ,Clerk of the Board 1 ,~ By. j . Dep 1 RESOLUTION OF THE BOARD OF SUPERVISORS OF ORANGE COUNTY, CALIFORNIA March 15, 2011 WHEREAS, the Treasurer-Tax Collector has notified this Boazd of its intention to sell at public auction certain parcels of real property which are subject to the power of sale pursuant to Revenue and Taxation Code sections 3691 through 3731.1 for nonpayment of delinquent taxes; and WHEREAS, the Treasurer-Tax Collector has submitted Exhibit A, attached hereto, which provides a description and minimum price of the real property to be sold by the Treasurer-Tax Collector at public auction; and WHEREAS, the Treasurer-Tax Collector requests approval to sell the pazcels of real property listed on Exhibit A, at a minimum price not less than the total amount necessary to redeem, plus costs, pursuant to California Revenue and Taxation Code section 3698.5(a); and WHEREAS, the Treasurer-Tax Collector also requests approval to sell any parcel of real property listed in Exhibit A at a minimum price that the Treasurer-Tax Collector deems appropriate if that parcel is offered at the public auction and does not receive an acceptable bid, pursuant to Revenue and Taxation Code section 3698.5(c); NOW, THEREFORE, BE IT RESOLVED that this Board: 1. Approves the sale of the properties described in Exhibit A at a minimum price not less than the total amount necessary to redeem, plus costs. 2. Directs the Treasurer-Tax Collector to sell the properties described in Exhibit A at minimum prices not less than the total amount necessary to redeem, plus costs pursuant to Revenue and Taxation Code sections 3691 through 3 731.1. Authorizes the Treasurer-Tax Collector, under the conditions of Revenue and Taxation Code section 3698.5(c), to offer for sale properties at a Resolution No. 11-030, Item No. 7 Approve Public Auction Sale No. 1382 ofTax-Defaulted Real Property minimum price that the Treasurer-Tax Collector deems appropriate where those same properties have been offered for sale at least once and no acceptable bids had been received at the minimum price determined pursuant to Revenue and Taxation Code section 3698.5 (a). Resolution No. I 1-030, Item No. 7 Approve Public Auction Sale No. 1382 of Tax-Defaulted Real Property The foregoing was passed and adopted by the following vote of the Orange County Board of Supervisors, on March 15, 2011, to wit: AYES: Supervisors: JOHN M. W. MOORLACH, PATRICIA BATES, JANET NGUYEN SHAWN NELSON, BILL CAMPBELL NOES: Supervisor(s): EXCUSED: Supervisor(s): ABSTAINED: Supervisor(s): `CJ -'~ CHAIRIv1AN STATE OF CALIFORNIA ) COUNTY OF ORANGE ) I, DARLENE 3. BLOOM, Clerk of the Board of Orange County, California, hereby certify that a copy of this document has been delivered to the Chairman of the Board and that the above and foregoing Resolution was duly and regularly adopted by the Orange County Board of Supervisors . IN WITNESS WHEREOF, I have hereto set my hand and seal. ;,. o x~' ~~ °~ F ~'ALIF04 DARL E J. OOM Clerk of the Board County of Orange, State of California Resolution No: 11-030 Agenda Date: 03/15!2011 Item No: 7 adopted byathc Board of Supervtsors&, OrangetCountyf State of California DARLENE J. BLOOM, Clerk of the Board of Supervisors By: Deputy ~, ° r+ N .. 0 W H F A M £ m z E F Q m F ~ 2 a a 3 ~ F a F O ~ A a ~ I F a H a > aw a N f-+AA a ti m o r. F w st W O W,S a a A .-i W SS F W a as ~ a E-a ia oa~~¢ U O N ~ m ~ 4 o O O F H H F i 2 .. V O 5 W r-i W c1 U' F H zaaV Q E A H a a a ooxm ~.oo wz.,a O ~-+ E. U Naa E ~ 4 r zE a H a O ~-+ W U ~ F 2 Q a U E a A z w a z A W Q U O a r H a W a a a o ' M N ~ N N 1f1 F ~ W W a M ~ •O az A H ~ ~ ~ d Q 6 7 m H z I a A p O ° ° O o r ° O 0 ri ° O 0 a ~ O 0 N 1h ° 0 f O 0 N O 0 ~ O 0 rt N O ° ~° N O Vf O N O 1? O ~ UY O N th O c [A ~' ~ O O .n o ° ~ ~ O ° P 00 ui O O ~ r 0 W N ~ vi O O ~ r 0 rn d' 00 ~ O O °, r 0 n V O ~ ° O ° h 0 ~ ~ °, ~ O 0 0 ~"~ m ~ o O 0 0 V M O o O 0 0 N 'a' Ob °, O 0 0 h b 0 o O 0 r O f` 0 ° C 0 c O I~ 0 0 ~ ° 0 '~ ° a r 0 0 ~ O 0 r 0 ~ h 0 V O 0 h 0 l0 W 0 M O 0 r 0 N m 0 ~ O 0 r 0 ~ ° ~ O M o O ~ ~ o ~ O o ~ M O ~ 0 ~ O m "~~ ~ (~ o ~ O ri ~ "' O c ~ O r O° ~* 10 0 rh O N 0 O 0 M O Um1 0 O ~ 0 0 r1 O ~ 0 O ~ 0 0 M O r .~ O 0 r1 O p 0 00 0 ~ O ~ 0 N 0 0 ~ ~ ~ O O !+~ h 0 0 N N r 0 O O N 0 -1 0 O ~ O t11 0 ^'1 0 ~ O r1 0 O H U H a E W N A a O O x U ~ a a F h ~ O W > 0 a ~ W 01 ° o E W w > ~ s a 3 ° ° r'1 A W N W z ~ W `~ a o z N ~ 4 O a m H ~•'~ ~ ~ ~ W m O z `" z x 4 W a 3 a o N ~ r W W m vi x F N 0 U w u a N N ~ b N ° ~ N ° i N ° O rf "'1 O .-I ~ ~ a ~ ~ i N ~ (+1 rl N N N N ~ "' ° ° r ~, ° o~ in m r M "~ ° ° ° N ° ° r N ° ° N r1 o 0 N M 0 0 a F W ~ ~ y w ,z¢ W v a m ~ a a a a dz ~~ F a z z ° m ,.a a' z ~¢ H z ~¢ v, w W ~ o ~ a a ~ F a a x o y ~ F m H a a o a > a ~ ~ z V E ~ a ~ C? ~ a F 4 A > V H > ~ y uJ K p `1 F ~ W s a° a o H~ H~ E a a ~ ~ o a ~, m m 3 ~ E a ~ ~ w z N a a °a m a N E ~+ a .Ni m ~ ~ ° ~ ~ O ~n N r N r-1 N N .-i Q N N W O O O O r1 ~ N ° O e N O r-1 W lD ri O "~ r•1 V' N r•V N ry ~ i ~ ° N ~ ~ O O p ° W M -~ ~ ~ ~ ~ ~ ~ ~ o ~ ~ ~ e ~ "~ M M n ri a a r v°i ~ ~ ~ N M ~ ~ ~ ° b W ,-~ M w a a a .n 0 0 0 0 0 0 0 ° ° ° o 0 0 0 0 Auction List Page 1 of 1 TPBUSIlYBP-TQ.x COIIBCtOYtS Al/CllO/1 LIST Last Updated on Apr117, 2011 7: 15 AM Item No Parcel No Status Property Location Min Bid 013 003-051-02 Available 709 E GROVEMONT ST SANTA ANA $26,100.00 014 014-402-13 ! ald 1510 S OAK ST SANTA ANA $7,300.00 015 022-321-OS ?aid 412 N COLLEGE ST LA HABRA $3,300.00 016 030-481-27 Cancelled SITUS NA LOCATED IN FULLERTON CITY $1,900.00 020 070-654-02 Available 4300 W ASH AV FULLERTON $7,500.00 021 082-5047 Faid 883 S BARNETT ST ANAHEIM $7,800.00 027 105-352-02 Available NO SITUS LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $3,300.00 028 128-113-09 ?aid 1790 W ELM ST ANAHEIM $6,000.00 031 159-121-30 Available 18792 DELAWARE AV HUNTINGTON BEACH $216,100.00 032 178-522-03 Available 16621 COAST HY SUNSET BEACH $135,500.00 034 231-553-01 Paid 12642 CHOISSER RD GARDEN GROVE $3,600.00 037 285-161-03 Faid 1400 VISTA DEL MAR DR FULLERTON $139,100.00 038 289-211-55 Fald 4115 CASTAWAY COVE FULLERTON $54,100.00 039 293-191-02 Fa,:!, 3869 MADONNA DR FULLERTON $24,000.00 041 336-681-Ot Available 2959 BLUEGRASS LN FULLERTON $123,600.00 042 365-011-01 Available 746 S CAMINO GRANDE ANAHEIM $31,000.00 043 374-204-09 Available 1129 E GROVE AV ORANGE $44,300.00 044 374-592-02 Available 1822 N GLASSELL ST ORANGE $105,300.00 045 379-041-02 Paid 1452 N NAVARRO PL ORANGE $16,600.00 047 395-381-16 Available 13732 PROSPECT AV SANTA ANA $29,600.00 048 404-011-14 Paid 921 E MYRTLE ST SANTA ANA $4,500.00 049 405-052-05 ?aid 1724 W 5TH ST SANTA ANA $54,900.00 050 405-052-12 Faid 1709 W SANTA ANA BL SANTA ANA $41,400.00 051 408-261-19 raid 1614 W STANFORD ST SANTA ANA $13,600.00 056 449-084-80 Available 4491 ROBINWOOD CI IRVINE $26,500.00 058 501-109-60 Available 2210 BOWMAN AV TUSTIN $93,100.00 061 614-482-14 Available 25022 MAMMOTH CI LAKE FOREST $59,200.00 063 644-432-02 Available 855 MIRAMAR ST LAGUNA BEACH $46,400.00 067 679-161-07 Available NO SITUS LOCATED IN SAN CLEMENTE CITY $12,900.00 073 876-034-18 -Available SITUS NA LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $6,900.00 074 876-034-19 Available SITUS NA LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $8,500.00 075 876-034-20 Available SITUS NA LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $6,900.00 076 876-034-25 Available SITUS NA LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $3,200.00 077 876-052-34 Available 14861 WHITES CANYON WY SILVERADO $2,400.00 078 876-052-35 Available SITUS NA LOCATED IN ORANGE UNIFIED SCHOOL DISTRICT $2,200.00 079 930-078-14 Available 1076 CALLE DEL CERRO 1916 SAN CLEMENTE $3,600.00 080 932-821-12 Faid 1881 MITCHELL AV 112 TUSTIN $6,100.00 081 937-674-87 raid 12652 GLENDALE 341 STANTON $25,000.00 082 938-150-05 Paid 218 NEWPORT BL 5 NEWPORT BEACH $9,200.00 083 938-7411 Available 20702 EL TORO RD 301 LAKE FOREST $24,800.00 084 939-251-93 Paid 25801 VIA LOMAS 193 LAGUNA HILLS $4,300.00 085 939-730-26 Faid 26255 LAS FLORES 26 MISSION VIEJO $30,300.00 http://www.ttc.ocgov.com/auction/auctionlist.htm 04/07/2011 RealQuest.com ®-Report Property Detail Report For Property Located At Page 1 of 1 t CoreLogic RealQuest Professional 2210 BOWMAN AVE, TUSTIN, CA 92782-1036 Owner Information: Owner Name: Mailing Address: 2210 BOWMAN AVE, Phone Number: Location Information: Legal Description: N TR 13701 LOT 60 County: ORANGE, CA Census Tract /Block: 756.06 / 5 Township-Range-Sect: Legal Book/Page: Legal Lot: 60 Legal Block: Market Area: Neighbor Code: Owner Transfer Information: TUSTIN CA 92782-1036 C054 Vesting Codes: I I TR APN: Alternate APN: Subdivision: Map Reference: Tract #: School District: Munic/Township: Recording/Sale Date: 07/26/2005 / 07/26/2005 Deed Type: Sale Price Document #: 577108 Last Market Sale Information: Recording/Sale Date: 0411 5/1 992 / 03/1992 Sale Price: $554,000 Sale Type: FULL Document #: 245791 Deed Type: GRANT DEED Transfer Document #: New Construction: 501-109-60 13701 24-C2 1830-F3 13701 TUSTIN TRUSTEE'S DEED (TRANSFER) $440,000 /CONY / ADJ 1st Mtg Document #: 1st Mtg Amount/Type: 1st Mtg Int. Rate/Type: 1st Mtg Document#: 2nd Mtg AmounUType: 2nd Mtg Int. RatelType: Price Per SgFt: Multi/Split Sale: Title Company: FIRST AMERICAN TITLE Lender: STANDARD PACIFIC Seller Name: LYON COMMUNITIES & AKINS ASSOC Prior Sale Information: Prior RedSale Date: / Prior Lender: Prior Sale Price: Prior 1st Mtg Amt/Type: / Prior Doc Number: Prior 1st Mtg Rate/Type: / Prior Deed Type: Property Characteristics: Gross Area: Parking Type: Living Area: Garage Area: Tot Adj Area: Garage Capacity: Above Grade: Parking Spaces: Total Rooms: Basement Area: Bedrooms: Finish Bsmnt Area: Bath(F/H): / Basement Type: Year Built / Eff: / Roof Type: Fireplace: / Foundation: # of Stories: Roof Material: Other Improvements: Site Information: Zoning: Acres: 0.19 Flood Zone: X Lot Area: 8,120 Flood Panel: 0602350281H Lot WidthlDepth: x Flood Panel Date: 02/1812004 Res/Comm Units: / Land Use: SFR Tax Information: Total Value: $787,768 Assessed Year: 2010 Land Value: $382,734 Improved %: 51% Improvement Value: $405,034 Tax Year: 2010 Total Taxable Value: $787,768 Construction: Heat Type: Exterior wall: Porch Type: Patio Type: Pool: Air Cond: Style: Quality: Condition: SINGLE FAM County Use: RESIDENCE (1) State Use: Site Influence: Sewer Type: Water Type: Property Tax: $10,014.98 Tax Area: 13072 Tax Exemption: http://pro.realquest. com/j sp/report. j sp?&cl ient=&action=confirm&type=getreport&record... 04/07/2011 County Of Orange -Treasurer-Tax Collector's Office Page 1 of 1 department menu How tlo I menu Departments How Do L..? _s OC Home ~ Online Services ~ OC Links ~ OC Info ~ News ~ Contact ~ OC Directory ~ FAQs ~ Sitemap ~ Search [del . ~ View Cart (Empty ) Home > PaylReview Properly Taxes New Search Prior Year Secured and Supplemental Tax TAX PAYMENT CART --_-= There are delinquent taxes against the property. This page presents tax Pay multiple property tax QUICK LINKS information on the TDN you have selected. Payments, corcedions and/or other bills using the new Tax adjustments made today may not be reflected until after 2 days. Payment Cart feature. Treasurer (Learn More ) Tax Collector • The amount below represents the amount due for prior year taxes only. In addition Pay/Review Your Property • to this amount, there may be taxes due and payable from the current year roll. Taxes Current year secured and/or supplemental taxes may be viewed by Licking on the Back button of your browser. Property Assessment and • SIGN UP FOR Tax Information Tax Default No.(TDN) : 04007190 SECURED PROPERTY Estimate Supplemental • First Year of Delinquency: 2003 TAX EMAIL REMINDER Taxes Status: DEFAULTED Tax Calendar • INSTALLMENT The Orange County Property Auctions • ACCOUNT Treasurer-Tax Collector is Power to Sell now providing a FREE Payment of Multiple Parcels • Roll Basic Add'I email reminder service to Forms • TDN Parcels Year Taxes Penalties Cost Penalties Total remind you of the Secured TTC Frequently Asked Property Tax Delinquent • Questions 501-109-60.00' 2003 $4,486.64 $448.66 $10.00 $5,517.78 $10,463.08 Dates. TTC Sitemap • 501-109-60.00 2005 $9,571.44 $957.14 $10.00 $8,327.06 $18,865.64 (Subscribe Now ) 501-109-60.00 2006 $9,640.76 $964.06 $10.00 $6,652.06 $17,266.88 Related Links • 501-109-60.00 2007 $9,731.84 $973.18 $23.00 $4,962.96 $15,691.00 Contact the Treasurer-Tax 501-109-60.00* 2009 $5,063.93 $506.39 $23.00 $759.50 $6,352.82 • Collector Search Subtotal 538,494.61$3,849.43 $76.00$26,219.38 $68,639.42 DISCLAIMER Add Fees _ Redemption The Orange County ' Treasurer-Tax Collector Fee $15.00 Treasurer-Tax Collector s Chriss W. Street Office (TTC) assumes no Other Fees $293.00 responsibility for anyone's improper or incorrect use of Total Tax Amount $68,947.42 TTC web site information. (Less)Amount Paid ($0.00) In no event shall TTC be held liable on any theory of Total Tax Amount Due Now $68,947.42 liability for damages or injury of any type resulting from use of TTC web site information. If you would like to pay the Total Tax Due Now in the amount of $66,947.42, (Learn More ) please click on either the Pay from CheckinglSavings Account or Pay by Credit Card button below. If you would like to include other bills with your payment, please click on Add to Cart. SECURED PROPERTY Glickii~g "Pay by CheckingiSavings Account" or "Pay by Credit Card" will TAXES take you to a third party vendor payment processing website. Secured property taxes are taxes levied on real property. This includes land, mineral and quarries ® in the land, and improvements, among others. Parcels indicatetl with 'reflect unpaid second installments; they do not reflect unpaid frst installments. (Learn More ) There is $10,259.18 on deposit with the Treasurer-Tax Collector's Office. Please call us at (714) 8343411 to verify if this amount can be applied toward the bill. This property is subject to the power of sale. Please call the Treasurer-Tax Collector's Office at (714) 8343411 for details on how to pay these taxes by certified funds before the date on which the property is offered for sale. Information is current as of 04111/2011. PrivacymLegaloADA ©1997 - 2004 All rights reserved Living & Working Health & Human Care ~ Law 8 Justice ~ Doing Business OC Home I Board of Supervisors I Agency Directory Online Services OC Info OC Links News Contact OC Directory FAgs I Sitemap http://tax.ocgov.com/tcweb/web_tdn.asp?RegTDN=04007190&StreetNo=&Direction=&... 04/ 12/2011 Information Protected per CA Govl Code Sect 6264.21 ~ r . ~ ~ •: DESCRIPTION FULL VALUE COMPUTED LAND 382,734 TAX IMPROVEMENTS-BUILDING 406,034 Information Protected per CA Govt Code Sect 6264.21 Taxes may ba paW by Credit Card In person, online at www.OC.ocgOV.gpm, w b1' phone 714$34.3411 TOTAL VALUES: TOTAL NET TAXABLE VALUE: ~„I ~ v'CA There is a convenience fee tOf •7 credit card payments of 2 Vtk. 787,768 10,01498 787,768 10,01498 SPL ASMNT DIST DEBT"" A4 IRWD;'l2605EWER BOND .03600 382,734 137.78 A4 IRWD #105 WATER BOND .00980 382,734 37.89 SPL ASMNT USER FEES"" FOR INFO CALL: BA MOSQ,FIRE ANT ASSMT (866)8076864 5.02 83 VECTOR CONTROL CHG (866)8076864 1.92 C7 MWD WATER STOBV CHO (866)8076864 10.08 M2 1916 AD BOND M2 (866~(176B64 862.34 N1 LNDSCP 8 LTG #1 (714)6733160 71.64 R3 MELLO-BOOS R3 (800)6763680 1,191.60 TOTAL: 1.04960 10,01498 THERE IS A 526 FEE FOR EACH CHECK RETURNED UNPAID BY YOUR BANK FOR ANY REASON. RETAIN TOP PORTION FOR YOUR RECORDS TO PAY 2rA INSTALLMENT, SEND THIS STUB WfTH YOUR PAYMENT ORANGE COUNTY 2010-2011 SECURED PROPERTY TAX WRITE YOUR PARCEL NO ON YOUR CHECK For Fiscal Vear Beginning July 1,2010 antl Endrg June 30. 2011 - «a r • • • a Ylcvr eeE Par impM) tssa a-aro 601-10860 FEBRUARY 1, 2011 APRIL 11, 2011 ` ~..,. ~ V'~ CURRENT OWNER: ~ryy~„Tp~P~~ www.ttc.ocgov.com _, ~~-r:-ant4634-34n Information Protected per CA Govt Code Sect 6254.21 swaoASIaR APaa++~~~ 55,531.23 Second Installment DUE FEBRUARY 1, 2011 Make checks abl@ t0: flay DELINQUENT AFTCn gran r ORANGE COUNTY ~ TREASURER-TAX COLLECTOR i $ 5,007.49 P.O. Box 1438 Santa Ana, CA 92702-1438 ~ -~ PAV TIII$ AMOUNT 0150110960000072010020411110000500749063011000055312300000000000000006 TO PAV 1911NSTALLMENT, SEND THIS STUB WITH YOUR PAYMENT ORANGE COUNTY 2010-2011 SECURED PROPERTYTAX WRITE YOUR PARCEL NO. ON YOUR CHECK FOr FiSCaI Year Beginnirg July I. 2010 and Endvg June 30.2011 r • ~ ~ • ~ = • IMr sls 141r prapaly Yaer amitlr 607-008.60 NOVEMBER 1, 2010 DECEMBER 10, 2010 510,014.98 i; G :.,, „._ ~ vf~ CURRENT OWNER: www.nc.ocgov.com wanwMaNTwvrrlPCnAL1ss ~,,.~,,, ,.~., aIT14a74-3a1t Information Protected per CA Govt Code Sect 6254.21 • _ iP~D~0E~~10'f016 55,508.23 First Installment OUE NOVEMBER 1, 2010 6Aake checks payable to: rf, IN our: ~, r n r 1 E n ~FGFMSFn ,i zOrC ORANGE COUNTY .. TREASURER-TAX COLLECTOR ~ 5 9 P.O. Box 1438 , Santa Ana, CA 92702.1438 Pay rHls aMDUNT 0150110960000072010011210100000500749063011000055082300000000000000003 2010-11 SECURED PROPERTY TAX BILL For Fiscal Vear Beginning July t. 20r0 and Erxling June. 30. 2011 00,51462-006i46e PDF~ ,. Information Protected per CA Govt Code Sect 6264.21 County Of Orange -Treasurer-Tax Collector's Office tlepanment menu ~P1C~:~P1u1~ Departrnents Page 1 of 2 Home > PaylReview Property Taxes New Search ~ Vi C rt Em t ) ew a ( p y d P T S roperty ax 2010-2011 ecure TAX PAYMENT CART Property Tax Information Pay multiple property tax QUICK LINKS FISCAL YEAR 2010.2011 bills using the new Tax Treasurer • This page presents tax information on the parcel you have selected. payment Cart feature. Payments, corrections and/or other adjustments made today may not be Tax Collector • reflected until after 2 days. (Learn More ) PaylReview Your Property • Taxes Property Assessment and + Parcel No. 501-109-80 View Original Bill (See Bill Disclaimer) Tax Information Legal Description N TR 13701 BLK LOT 60 U SIGN UP FOR Estimate Supplemental Tax Rate Area 13-072 SECURED PROPERTY Taxes • Roll Type Secured TAX EMAIL REMINDER Tax Calendar This bill was generated on 10/07/2010. Property Auctions + Installments Delinquent Status Amount Due Remarks Date The Orange County Treasurer-Tax Collector is Pa ment of Multi le Parcels • Y P now providing a FREE Forms • First Installment 12/10/2010 NOT PAID $5,508.23 Until 06/30/2011 email reminder service to TTC Frequently Asked Second Installment 04/11/2011 NOT PAID $5,531.23 Until 06/30/2011 remind you of the Secured • Questions Total Due and Payable $11 039 46 ~ Property Tax Delinquent Dates TTC Sitemap • , . . Related Links • The amount above represents the amount due for the 2010-2011 tax year only, (Subscribe Now ) Contact the Treasurer-Tax • and includes any corrections, penalties and fees not reflected in your original Collector tax bill You may go back to the previous page for any prior year information. Search For any questions, please contact the Tax Collector's Office at (714) 8343411 ® or atttcinfo@ttc.ocgov.com. Treasurer-Tax Collector Payment Summary Chriss W. Street Date Installments Paid Amount Paid Remarks First Installment $0.00 Second Installment $0.00 Total Amt Paid $0.00 Assessed Values and Exemptions Description Land Mineral Rights Improvements Personal Property Others Total Values (Less) Exemptions Total Net Taxable Value Total Due and Payable Full Value Computed Tax $382,734 $0 $405,034 $0 $0 $787,768 $0 $787,768 $10,014.98 Click Here for Details 511,039.46 Save postage and "Go Green Electronically" by using our "no cost" eCheck payment option. Or choose your taxes using your VISA, MasterCard, American Express or Discover card either online or by telephone at 714-834-3411. Payments made by credit card will be charged a 2.6% convenience fee. Just click on the Pay Online button to proceed. Pry Dnline OR Please make your check payable to the County of Orange and mail your DISCLAIMER The Orange County Treasurer-Tax Collectofs Offce (TTC) assumes no responsibility for anyone's improper or inwrrect use of TTC web site information. In no event shall TTC be held liable on any theory of liability for damages or injury of any type resulting from use of TTC web site information. ( Learn More ) SECURED PROPERTY TAXES Secured property taxes are taxes levied on real property. This includes land, mineral and quarries in the land, and improvements, among others. ( Learn More ) http://tax.ocgov.com/tcweb/detail_sec.asp?RegParce1=501-109-60&StreetNo=&Direction... 04/ 12/2011 OC Home ~ Online Services ~ OC Links ~ OC Info ~ News ~ Contact ~ OC Directory ~ FAQs ~ Skemap ~ Search ~ , County Of Orange -Treasurer-Tax Collector's Office payments to: County of Orange ATTN: Orange County Tax Collector P.O. Box 1438 Santa Ana, CA 92702-1980 Information is current as of 04/11/2011 for the current year roll. Page 2 of 2 PrivacyaLegakMDA ©1997 - 2004 All rights reserved Living & Working ~ Health & Human Care ~ Law 8 Justice ~ Doing Business OC Home ~ Board of Supervisors I Agency Directory ~ Online Services ~ OC Info ~ OC Links ~ News I Contact I OC Directory ~ FAgs ~ Sitemap http://tax.ocgov.com/tcweb/detail_sec.asp?RegParce1=501-109-60& StreetNo=&D irection... 04/ 12/2011 • T~ M ~ ~ l!7 lp In N 3 N c'M M N O C Y C ~ ~ M M d' M O c c I ~~, ~~ IO ~ O O O CO N M Op O O r M r 6> 1~ I~ r ti ti 00 ' ~.~~~ M O O O O M c Y ~~ ~.' CO 00 r r (p O C N N M M N N ~ O r O O r ~_ LO ~ N \ ~ O N Q Q Q . -, a a v -o :. :. 2. v7 (n «° in Q Q Q i ,,. o °0 0 00 0 0 0 0 0 o rn o ai co v rn ai rn of of ~ w ' 6A rn to fA EA m ER ~» Z ~ ~ ~ m rn N c > rn .~, o o m ~ ~ ~ o f° ~ a ~ ~ Q a ~ -,,~o-, m o~ ~o o~~ c ~ ~ ~~ ~ o~ c om ma> ~~ ® N N N : N ~ Cfl p O cO l(y N C > (O N ~~ O > W~ 0 O~~ 0 >~' N N t 6' ~2O N> r>~ N ~ r~Q N N~ N ~ r(n N ~_~ N O > NmQ .v 3 0 ~ c m h h J ~ Q ._~ Q C~ C o ~ O O O o U ti .~? i ~ N ~ ~ O v ~ y U m ~ ~ O ~ ~ d Orange County Tax Collector Auction Process & Guidelines ~. Live Auction Sale- June 29 2011 The Orange County Treasurer-Tax Collector is offering for sale, real property located in the County of Orange. This property has become subject to the Tax Collector's Power to Sell due to non-payment of property tax for five or more tax years. The sale of "Tax-Defaulted Property Subject to Power to Sell" is conducted by the County Treasurer-Tax Collector pursuant to the provisions of the Revenue and Taxation Code. The Orange County Treasurer-Tax Collector DOES NOT offer tax lien certificates, sealed bids or over the counter sales. View Auction List Here 2. CAUTION TO BIDDERS AS A BIDDER YOU AGREE TO THE TERMS AND CONDITIONS OF THIS 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. 3. TIME AND PLACE OF SALE The next live property tax deed auction is to be determined at 10 Civic Center Plaza, in the Board of Supervisor's Hearing Room, Santa Ana, CA 92701. 4. REGISTRATION Prospective purchasers for the live auction will be required to register and be assigned a bidder card number. Registration will be held the day before the auction between the hours of 8:00 a.m. to 4:45 p.m. A deposit will be required at the time of registration (please see deposit information below). Registration will not be permitted on the day of the auction sale. We will require valid picture identification at the time of registration such as a valid driver's license, valid military ID card, or a valid California ID card. 5. DEPOSIT A $5000.00 deposit will be required on the day of registration. Deposits must be in the form of cash or cashier's checks only Deposits will be applied to the final bid purchase price. If the successful bidder does not remit full payment timely, the bidder's deposit may be forfeited, along with any rights the bidder may have in the property. Deposits will be refunded by the Orange County Tax Collector to the unsuccessful bidders who have complied with the Terms and Conditions of the Auction contained herein. 6. MINIMUM BIDS The minimum price at which properties may be offered for sale shall be an amount not less than the total amount necessary to redeem the parcel and the costs of the sale. The minimum bid is indicated on the auction list next to the legal description. The properties in the sale are in item number order. They will be auctioned in that order. If there is an item number not offered (missing) from the tax sale list, it means that the item has been redeemed or withdrawn prior to the sale. If there is a numerical gap between item numbers on the tax sale list, the same holds Orange County Tax Collector Auction Process & Guidelines true. Where property has been offered for sale at least once and no acceptable bids have been received, the Treasurer-Tax Collector may offer that property at a reduced minimum bid. 7. A LIST OF THE PROPERTIES OFFERED FOR SALE A list of properties to be offered for sale will be available on the County Website prior to the sale date. Properties being offered will have been published in the Orange County Register as they appear in the auction handout. Parcels for which no bids are received may be re-offered before the close of the auction. 8. MAPS For your convenience, maps showing the general location and dimension of all the parcels for sale are available for purchase in the Assessor's Office. For other auction information, please contact the Orange County Tax Collector's office at (714) 834-3411. For map questions only, contact the Orange County Assessor's Office at 11 Civic Center Plaza, Room 142, Santa Ana, CA. 92701 (714) 834-2727. 9. PAYMENT INFORMATION All payments must be in the form of cash, or cashier's checks. Cashier's checks are to be made payable to the Orange County Treasurer-Tax Collector or payable to your name. No personal checks, money orders or traveler's checks will be accepted. Payment must be made immediately upon being awarded the successful bid. *Documentary Transfer Tax will be collected in addition to the purchase price. 10. TITLE Title to "Tax-Defaulted Property Subject to Power to Sell" does not pass to the purchaser until a Tax Deed is issued. DO NOT trespass on the property, engage in any activity or make an expenditure on any property you may purchase until you have received your Tax Deed. This includes any attempt to collect rents, improve property, evict, or in any way contact tenants. Tax Deeds will be recorded within approximately one month after the sale. After the Tax Deed is recorded, the Tax Deed will be mailed directly to the respective purchaser by the County Clerk- Recorder. The Treasurer-Tax Collector does not provide the purchaser with a title insurance policy. Prospective purchasers are advised to contact title insurance companies prior to the auction to obtain information regarding the availability of the title insurance for properties to be purchased at the Orange County Treasurer-Tax Collector's Public Auction. THE REDEMPTION OF A PARCEL PRIOR TO TAX SALE AUCTION BY A PARTY OTHER THAN THE OWNER WILL NOT CAUSE THE TRANSFER OF OWNERSHIP. THE OWNER OF RECORD MAINTAINS TITLE. 11. SALE AFTER REDEMPTION Occasionally, a piece of property is sold at auction after redemption has been made or is sold in error. In this case, a refund of the purchase price will be made with full understanding and agreement of the purchaser that the Treasurer-Tax Collector has no further liability in the matter. Orange County Tax Collector Auction Process & Guidelines 12. POSSIBLE CAUSE FOR REVERSAL OF TAX DEED If the validity of the Tax Collector's Deed is challenged by judicial proceeding, that action must be commenced within one year by the former owner or his/her party of interest, after the recording date of the Tax Collector's Deed. (For this reason a title company generally will not insure title for at least one year). This judicial proceeding can refer to an alleged invalidity or irregularity in the procedures of sale. If litigation by a former owner is successful and a court holds a Tax Deed void, the Court shall determine the correct amount of taxes, penalties and costs that should be paid, and the Court shall order the former owner or other party of interest to pay such amounts within six months. If such amounts are not paid in accordance with such order, the Court will not hold the Tax Deed void. When a court holds a Tax Deed void, the purchaser is entitled to a refund from the County of the amount paid in purchase price for tax penalties and costs. A claim for refund shall be presented within one year after the judgment becomes final. The right to redeem "Tax- Defaulted Property Subject to Power to Sell" will terminate at 5:01 p.m. on the last business day prior to the first day of the auction. 13. CAUTION -INVESTIGATE BEFORE YOU BID This is a buyer beware sale. DO NOT attempt to purchase property at the auction unless a thorough investigation has been made as to the exact location, desirability and usefulness of the property. Parcels are sold on an "as is" basis, and the County makes no representation or warranty, real or implied, as to the properties' condition or suitability for any use. The County in no way assumes any responsibility, implied or otherwise, that the properties are in compliance with zoning ordinances, or conform to building codes and permits, or are free from latent or patent defects. An investigation may reveal that the property is in a street or alley, in a flood control channel, landlocked, dedicated to public use for street or other purposes; or improvements which may be shown on the tax sale list no longer exist at the time of auction, or a lien may have been or will be placed on the property. Streets shown on maps offered by the Orange County Assessor's Office may or may not exist, and in some cases may be future streets. All properties should be investigated thoroughly prior to their purchase. NOTE: Neither the State of California, nor the County of Orange, nor their elected and appointed officials, officers, employees and agents, are liable for loss or damages of any kind sustained by the property purchased at public auction from the time of the sale until the recordation of the Tax Deed transferring the property to purchaser. 14. TOXIC WASTE PROPERTIES The California Department of Health Services maintains the Superfund cleanup list of sites contaminated with toxic materials. The State Controller's Office requires that property sites, which are on the Superfund list, be withdrawn from the sale. If a property is approved for sale and later found to be on the Superfund list, the Controller will formally rescind their authorization of the sale of that property. Please be aware that contaminated property sites that are not on the Superfund list may be offered for sale. If the Tax Collector has knowledge of contaminated property, that information will be provided to you. However, please be aware that Orange County Tax Collector Auction Process & Guidelines the Tax Collector is not always aware of the condition of the properties in the sale. Therefore, it is ultimately the purchaser's responsibility to investigate before making a purchase. 15. LIENS A Tax Deed will cancel all private liens (i.e. Deeds of Trust, Mechanic's Liens, Judgments, etc.) as well as all prior delinquent taxes. Public liens such as Improvement Bonds, Demolition Liens, etc. may not be discharged with a Tax Deed. Pursuant to Section 3712 of the Revenue and Taxation Code, the Tax Deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except: • a) Any lien for installments of taxes and special assessments, which installments will become payable upon the secured roll after the time of the sale. • b) The lien for taxes or assessments or other rights of any taxing agency which does not consent to the sale under this chapter. • c) Liens for special assessments levied upon the property conveyed which were, at the time of the sale under this chapter, not included in the amount necessary to redeem the tax-defaulted property, and, where a taxing agency which collects its own taxes has consented to the sale under this chapter, not included in the amount required to redeem from sale to the taxing agency. • d) Easements constituting servitudes upon or burdens to the property, water rights, the record title to which is held separately from the title to the property, and restrictions of record. • e) Unaccepted, recorded, irrevocable offers of dedication of the property to the- public or public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose. • f) Unpaid assessments under the Improvement Bond Act of 1915 (Division 10 [Commencing with Section 8500] of the Streets and Highways Code) which are- not satisfied as a result of the sale proceeds being applied pursuant to Chapter 1.3 [commencing with Section 4671 ] of Part 8 of the Revenue and Taxation Code. • g) Any Federal Internal Revenue Service liens which, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date. • h) Unpaid special taxes under the Mello-Roos Community Facilities Act of 1982 (Chapter 2.5 [commencing with Section 53311 ] of Part 1 Division 2 of Title 5 of the Government Code) that are not satisfied as a result of the sale proceeds being applied pursuant to Chapter 1.3 [commencing with Section 4671] of Part 8. 16. BIDDER' S INSTRUCTIONS a) All sales are final, even if the successful bidder makes a mistake and bids on the wrong property, the sale will remain. b) All bidders must be 18 years of age or older. c) Payment in full must be received in the Orange County Tax Collector's Office immediately upon being awarded the successful bid. There will be no opportunity for any successful bidder to go to the bank prior to completing the payment of the sale price. Orange County Tax Collector Auction Process & Guidelines • d) Payment must be made in the following manner: Cash or Cashier's Check. • e) The right of redemption terminates at the close of business on the last day prior to the date of the sale. • f) The auction begins at 10 a.m. on the date to be determined. • g) Payment must be made in U.S. currency. The Orange County Treasurer-Tax Collector is not responsible for paying any conversion rates. • h) If you make a deposit on a specific parcel number and that parcel is either paid prior to the sale or, if during the auction process you were not the successful bidder, you may use your deposit to bid on another parcel as long as the deposit amount is the minimum amount necessary to participate in the bidding process. If the funds are not sufficient to bid on another parcel, you will have the opportunity to increase the amount of the deposit before the bidding process begins. Malaga 2210 Bowman Avenue Income Level: MODERATE 3 Bedrooms INCOME Homebuyer Name : Redevelopment The assumed family size for a three Family Size : 4 ousehold Income : $95,920 bedroom is four. Median Income : $87,200 Percent AMI : 110% Interest Rate 5.840% Down Payment : 3% Maximum monthly housing costs, per Community Redevelopment Laws: Monthly Income (1/12) $7,993 Base Monthy Housing Costs 35% @110% $2,798 Max. Monthly Housing Costs $2,798 ,~Ilawahle Monthly Housing Costs: $2,797.67 Itemized Housing Costs Principal and Interest $ 2,110.60 PMI $ - Property Taxes (1) $ 391.07 Housing Insurance (2) $ 40.00 Hazard Insurance (3) $ 30.00 HOA Dues (4) $ 125.00 Utilities $ 131.00 Total $2,797.67 Loan Amount 30 year loan (360 pmts) 360 5.840% Interest rate (5.840% per annum, .5%/month) 0.49% Principal and Interest $ 2,110.60 Loan Amount $358,152 Purchase Price for Moderate Income Buyers (1) Per 2010-11 Tax Bill (2) Estimated Rate for Dwelling Unit Coverage. (3) Estimated Rate being charged by Fannie Mae (4) Estimated Amount $369,228 Malaga 2210 Bowman Avenue Income Level: LOW 3 Bedrooms INCOME Homeowner Name : Redevelopment The assumed family size for a three bedroom is four. Family Size : 4 ousehold Income : $61,040 Median Income : $87,200 Percent AMI : 70% Interest Rate 5.840% Down Payment : 3% Maximum monthly housing costs, per Community Redevelopment Laws: Monthly Income (1/12) $5,087 Base Monthy Housing Costs 30% @ 70% $1,526 Max. Monthly Housing Costs $1,526 ~~'w~r~cle Monthly Housing Costs: $1,526.00 Itemized Housing Costs Principal and Interest $ 1,037.72 PMI $ - Property Taxes (1) $ 192.28 Housing Insurance (2) $ 40.00 Hazard Insurance (3) $ 30.00 HOA Dues (4) $ 125.00 Utilities $ 131.00 Total $1,526.00 Loan Amount 30 year loan (360 pmts) 360 5.840% Interest rate (5.840% per annum, .5%/month) 0.49% Principal and Interest $ 1,037.72 Loan Amount $176,093 Purchase Price for Low Income Buyer 5181,539 (1) Per2010-2011 Estimate (2) Estimated Rate for Dwelling Unit Coverage (3) Estimated Rate being charged by Fannie Mae (4) Estimated Amount LOOK UP TABLE O.C. Median Incomes Base Monthly Housing Cost FY 2010 Income level Size 100% Very Low Low Moderate 30% 30% 35% A B C D E 1 61,050 763 1,068 1,959 2 69,750 872 1,221 2,238 3 78,500 981 1,374 2,519 4 87,200 1,090 1,526 2,798 5 94,200 1,178 1,649 3,022 6 101,150 1,264 1,770 3,245 7 108,150 1,352 1,893 3,470 8 115.100 1.439 2.014 3,693 ;t,., ~"T ...;~ F =; A ~~- r