Tax defaulted commercial property

[mag00]

What is the name of your state? California.

In Feb La county is holding the tax defaulted property auction.

I found a parcel I like with good location, boarded up, and looking to need repair. This looks to be an old residence that had been converted and added on to be a comercial property. The back looks to have been some sort of repair shop.

A friend of mine said that all of LA county commercial has to be level 2 inspected? But stated that was for someone to lend money on it. I plan on operating and owning, and paying cash (terms of auction).

The question would be, should it be found to have contaminated soil etc, who really is responsible for the cleanup? If the previous owner or the actual contaminator isn't held accountable, would the new owner be? and even then could I walk away and let the next guy inherit the burden?

What records should I check and what different agencies should I contact to see what problems are recorded?

All help will be greatly appreciated

[HomeGuru]

Originally Posted by mag00

What is the name of your state? California.

In Feb La county is holding the tax defaulted property auction.

I found a parcel I like with good location, boarded up, and looking to need repair. This looks to be an old residence that had been converted and added on to be a comercial property. The back looks to have been some sort of repair shop.

A friend of mine said that all of LA county commercial has to be level 2 inspected? But stated that was for someone to lend money on it. I plan on operating and owning, and paying cash (terms of auction).

The question would be, should it be found to have contaminated soil etc, who really is responsible for the cleanup?

**A: you would be as the owner.
********
If the previous owner or the actual contaminator isn't held accountable, would the new owner be? and even then could I walk away and let the next guy inherit the burden?

What records should I check and what different agencies should I contact to see what problems are recorded?

All help will be greatly appreciated

**A: if you don't know what to do, you should not be investing in tax auctioned property.

[mag00]

Originally Posted by HomeGuru

**A: if you don't know what to do, you should not be investing in tax auctioned property.

OK, I'll open this up for debate. Alot of things I never knew what I was doing and one way to learn is doing it. Trying to cut losses by getting information is part of knowing what to do. Sometimes if people pool their knowledge everyone can learn, and thus not be in the predicament you appear to be advocating (giving up). Some people actually do want to better their lives and learn new things.

Back to the owner and liability. While your response may be accurate at a given point in time, I am not sure it would hold true in the full disclosed case. That is the reason for this post. I am pretty sure I would be responsible during a period I was the owner.

However, in California, after winning the bid, I do not get full title until one year after the auction. The previous defaulter has one year to file and contest the sale.

My reasoning tells me that if the first tax defaulter dodges the responsibility, why then couldn't the second- third- etc. In other words, all that would be neccessary then would be to default again.

Can you back your claim with some refering material or a link?

You buy it, it's your baby.

Also, you need a real estate attorney to file a quiet title suit.

Tax deed titles are worthless.

[mag00]

I think there is a failure of communication here.

I just realized something writing out my next line of questions.
You get what you pay for in most cases.

I did get to think aloud while formulating questions, and in that I have chosen a better route than trying to pull teeth on a lawyer board. Sorry you couldn't help with the realestate questions, but inadvertantly you did help me.

I have renewed confidence in my abilities.

Best Regards

Originally Posted by mag00

I think there is a failure of communication here.

I just realized something writing out my next line of questions.
You get what you pay for in most cases.

I did get to think aloud while formulating questions, and in that I have chosen a better route than trying to pull teeth on a lawyer board. Sorry you couldn't help with the realestate questions, but inadvertantly you did help me.

I have renewed confidence in my abilities.

Best Regards

Don't bark at people on this forum who give you correct answers just because you do not like those answers.

[HomeGuru]

Originally Posted by mag00

I think there is a failure of communication here.

I just realized something writing out my next line of questions.
You get what you pay for in most cases.

I did get to think aloud while formulating questions, and in that I have chosen a better route than trying to pull teeth on a lawyer board. Sorry you couldn't help with the realestate questions, but inadvertantly you did help me.

I have renewed confidence in my abilities.

Best Regards

**A: you 2 funny. Thanks for the humor.

[mag00]

Originally Posted by seniorjudge

You buy it, it's your baby.

Also, you need a real estate attorney to file a quiet title suit.

Tax deed titles are worthless.

Two of your statements contradict. If it is my baby, then the deed cannot be worthless, if in fact by baby, you mean a real estate aquisition by tax default auction.

So either it is mine or it is not mine. Can't be both. Vague ambiguous answers arent help.

I do not need a real estate lawyer to file for a quiet title.

Originally Posted by HomeGuru

**A: if you don't know what to do, you should not be investing in tax auctioned property.

Originally Posted by seniorjudge

Don't bark at people on this forum who give you correct answers just because you do not like those answers.

Surely you can't be serious bwahahaha

When you want to lecture me, first clean your pot before you call my kettle black, so try to stay on topic if you can.

Originally Posted by mag00

Two of your statements contradict. If it is my baby, then the deed cannot be worthless, if in fact by baby, you mean a real estate aquisition by tax default auction.

So either it is mine or it is not mine. Can't be both. Vague ambiguous answers arent help.

I do not need a real estate lawyer to file for a quiet title.




Surely you can't be serious bwahahaha

When you want to lecture me, first clean your pot before you call my kettle black, so try to stay on topic if you can.

**A: you 2 funny. Thanks for the humor.

[HomeGuru]

Originally Posted by mag00

I think there is a failure of communication here.


I have renewed confidence in my abilities.

Best Regards

**A: this is the guy that has confidence in his ability to perform brain surgery on himself.

Originally Posted by HomeGuru

**A: this is the guy that has confidence in his ability to perform brain surgery on himself.

Why do people bark at us when we tell them the truth?

[BelizeBreeze]

Originally Posted by HomeGuru

**A: this is the guy that has confidence in his ability to perform brain surgery on himself.

I disagree.

This is the guy that will find a corncob up his ass 366 days after he wins the bid and has a legally filed deed in his name while answering the door to the EPA Superfund rep demanding he spend $600,000 to perform a cleanup if the attorney for anyone and everyone injuried by the contamination doesn't get in line first.

[HomeGuru]

should I stand in line now?

[BelizeBreeze]

Originally Posted by HomeGuru

should I stand in line now?

Get behind me

[HomeGuru]

Originally Posted by BelizeBreeze

Get behind me

**A: Ok, but just don't fart.