by OrangeCountyRealEstateDeals.com | March 30, 2010 | on Orange County REO's & Bank Houses | 2 comments
- Orange County REO’s & Bank Houses
Specialize in REO, foreclosures, bank owned propertie. Service Southern California Real Estate - Los Angeles County, Orange County, San Bernardino County, and Riverside County Cerritos w La Palma w Artesia w Lakewood w Cypress w Norwalk w Bellflower w Buena Park w Downey w Long Beach w Whittier w Huntington Beachw Huntington Harbor w Los Alamitosw Rossmoor w Seal Beach w Santa Fe Spring w South Gate w Anaheim w Anaheim Hills w La Mirada w Yorba Linda w Fullerton w Brea w Orange w Tustin w Irvi
by OrangeCountyRealEstateDeals.com | | on Orange County REO's & Bank Houses | no comments
I live in Orange County, CA. I am purchasing a foreclosed bank-owned (REO) property. The purchase price will be substantially less than the current assessed tax value. Will I be required to pay tax based on the current assessed value or the purchase price...or a different value altogether?