Placer County, California

Prospective purchasers will be asked to register in person on the morning of the sale. Registration begins at 8:00 a.m. and the sale begins at 9:00 a.m. Registration will include name and mailing address and may require identification as deemed necessary for the processing of auction documents. A $500.00 refundable deposit is required when you register (cash or cashiers check made payable to Placer County Tax Collector). Personal checks will not be accepted. Unsuccessful bidders will be refunded their deposit at the conclusion of the sale. Proper ID will be required at that time. Each registered bidder will receive an identification number, which the bidder must have to participate. All parcels will be sold by item number and in the order listed. Minimum bids will be as stated per parcel and each raise will be in increments of at least $100 until sold. All sales require full payment, which includes the transfer tax and recording fee. This tax is calculated at the rate of $.55 for each $500.00 or fractional part thereof, if the purchase price exceeds $100.00. All cashiers checks must be made payable to the Placer County Tax Collector. No personal checks will be accepted. Payments in excess of the purchase price will be refunded by mail within 30 days. At the tax collectors discretion, purchases over $5,000 may be paid for on a credit payment plan, requiring ten percent of the bid or $5,000, whichever is greater, deposited at the time of the sale. The balance is payable in lawful money of the United States or negotiable paper, as specified by the tax collector, within a period specified by the tax collector, not to exceed 90 days from the date of the auction, as a condition precedent to the transfer of title to the purchaser. If the balance due is not paid within the period specified, THE DEPOSIT IS FORFEITED, along with all rights with respect to the property (#167;3693.1).