California Streets and Highways Code 9516 – The purchaser, whether at a tax collector’s sale or at a resale by …
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The purchaser, whether at a tax collector’s sale or at a resale by the city in the event of the city having become the purchaser, or at a foreclosure sale by order of court, takes the property subject to all unpaid reassessment installments, interest, and penalties under the same proceeding.
(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)
Terms Used In California Streets and Highways Code 9516
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC