Property Q&A in Malibu>Question Details

Michael Oliv…, Home Buyer in Malibu, CA

How much are the property taxes and will this lot sell for $7,138?

Asked by Michael Oliver, Malibu, CA Sun Apr 24, 2011

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Taxes are paid on the purchase price at the time of sale. Generally it is a safe number to plan 1.25% in the Greater Los Angeles area. BTW how did you come up with that purchase price number?
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0 votes Thank Flag Link Sun Apr 24, 2011
This property is in the first stage of foreclosure (Notice of Default). It does not appear to be for sale at this time. The $7,138 is the amount of the late payments, not the total amount owed the lender. So it will definitely not sell for this amount.

After further research, I am not finding this property on any of my foreclosure sites either. It is possible that the owner cured (paid) the default and had the notice of default rescinded. Hope this helps. Dare to Dream.

Shel-lee Davis, QSC®
Certified Distressed Property Expert – CDPE®
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RE/MAX Palos Verdes Realty
424-2HELP12 (424-243-5712)
0 votes Thank Flag Link Sun Apr 24, 2011
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