The site of the infamous Tracy tire fire, a 50-acre property on South MacArthur Drive where 7 million tires went up in smoke during a two-year rubbery inferno, sold last month in a county tax auction for a fraction of its worth.
Javier and Evangelina Jaime of Galt paid $61,000 in cash for the parcel — the amount of due taxes on the property. It was appraised last year at $900,000.
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Tuesday, December 12, 2006
Couple buys $900,000 property for $61,000 through tax lien
Find savings by due diligence! The couple below bought a $900k property for $61k. Want to learn more about how to invest in tax auctions? Purchase a copy of Investing Without Losing: The Beginner's Guide to Real Estate Tax Lien and Tax Deed Auctions.
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