County of San Diego Treasurer

DEFERRED PAYMENT AGREEMENT

If the high bid on a tax sale item is more than $5,000.00, the successful bidder has the option to pay for the property as follows: A deposit of ten percent (10%) of the purchase price or $5,000.00, whichever is greater, must be made at the time of the sale. For sales between $5,000.00 and $50,000.00, a minimum of $5,000.00 must be deposited. For sales over $50,000.00 a minimum of ten percent (10%) of the sale price must be deposited.

WINNING BID AMOUNT	$5,000.00 OR LESS	$5,000.00 TO $50,000.00	$50,000.00 OR ABOVE
MINIMUM PAYMENT REQUIRED	Payment in full of the Winning Bid Amount plus the Documentary Transfer Tax. A Deferred Payment Agreement is not available.	Payment in full of the Winning Bid Amount plus the Documentary Transfer Tax. OR Execute a Deferred Payment Agreement. This process includes payment a minimum deposit of $5,000.00 on day of sale and paying the balance plus the documentary transfer tax within 30 days of the sale.	Payment in full of the Winning Bid Amount plus the Documentary Transfer Tax. OR Execute a Deferred Payment Agreement. This process includes payment a minimum deposit of 10% of the Winning Bid Amount on the day of sale and paying the balance plus the documentary transfer tax within 30 days of the sale.

The remaining balance of the purchase price is due within thirty (30) days of the auction date, Monday, March 29, 2010. Payment must be in one of the acceptable forms and be received in our office prior to the deadline. Acceptable forms of payment are Cash (or Wire), Cashier’s Check, Money Order, or Traveler's check. A Tax Deed to the Purchaser at Sale will not be recorded to transfer title to the property until the total bid price plus the Documentary Transfer Tax is received.

All purchases made at Public Auction Tax Sale 7028 on February 26, 2010 must be paid in full on, or before Monday, March 29, 2010. If the purchaser at sale fails to pay the full amount by 5:00 p.m. on Monday, March 29, 2010, the deposit and all rights to the property are forfeited (Revenue and Taxation Code Section 3693.1).

All purchases made at Online Public Auction Re-Offer Tax Sale 7028B on April 24, 2010 thru April 27, 2010 must be paid in full, on or before Friday, April 30, 2010. If the purchase price was over $5,000.00 and the tax sale item was purchased on a deferred-payment arrangement the deadline to complete the sale is May 30, 2010. If the purchaser-at-sale fails to pay the full amount by 5:00 p.m. on Friday, May 30, 2010, the deposit and all rights to the property are forfeited (Revenue and Taxation Code Section 3693.1).