CHAPTER 6. Default and Sale for Delinquency

Chapter 6 added by Stats. 1941, Ch. 79.

§§ 6500–6518 · 24 sections

§ 6500 (a) Whenever payment upon either the principal or the interest of any bond is not made to the bondholder when the coupon therefor is due, the holder of the…
§ 6501 The treasurer shall mail a notice of sale to the owner of any property to be sold for nonpayment of either principal or interest upon any delinquent bond. The…
§ 6501.1 (a) If there is surplus money remaining from the sale after payment of the amount due on the bond, plus interest, penalties, and costs of sale, the treasurer…
§ 6502 No sale of property shall be made pursuant to this chapter unless the notices are sent pursuant to Sections 6500, 6501, 6505, and 6505.2. The failure of the…
§ 6503 After the expiration of six months from the time of mailing the notice and upon payment by the holder of the bond to the treasurer of the amounts specified in…
§ 6504 The notice of sale shall be in substantially (filling in all blanks) the following form: “Notice of Sale of Property Delinquent for Nonpayment of Bond No.__,…
§ 6505 (a) The day specified in the notice of sale shall not be less than 45 days from the date of the first publication of the notice. (b) At least 30 days prior to…
§ 6505.1 The treasurer shall be under no obligation to publish or mail notice of sale as provided in Sections 6503, 6504, 6505, and 6505.2 unless the bondholder…
§ 6505.2 (a) Not less than 45 days nor more than 60 days prior to the date of sale, the treasurer shall send notice by registered mail to the last known mailing…
§ 6505.4 For the purpose of giving notice, as required by Section 6505.2, parties of interest are all of the following: (a) Lienholders of record prior to the issuance…
§ 6506 Any affidavit of publication setting forth a copy of the publication and stating that the publication was made in the newspaper named on specified dates shall…
§ 6507 The treasurer shall collect the sum of seven dollars ($7) for the issuance of the certificate of sale, which sum shall belong to and be subject to the…
§ 6508 If at any time prior to the sale any person interested in the lot or parcel of land described in the notice of sale pays the whole amount of the unpaid…
§ 6508.2 Prior to the sale of any owner-occupied residential property, the treasurer or his or her designee shall, in person, make every reasonable effort to meet with…
§ 6509 (a) If such payment is not made, the sale shall be made as advertised, and the lot or parcel described in the bond shall be sold to the purchaser who will pay…
§ 6510 If through error or otherwise the total amount for which the sale is made is less than that required by the provisions of this chapter, and the holder of the…
§ 6511 The treasurer, before delivering any certificate of sale, shall enter the following data in a book kept in his office for that purpose: (a) The date, number,…
§ 6512 Such book shall be open to public inspection during office hours when not in actual use.
§ 6513 The treasurer shall issue for each sale an original and a duplicate certificate of sale containing: (a) The date, number and series of the bond under which the…
§ 6514 The treasurer shall deliver the original certificate of sale to the purchaser and shall record the duplicate in the office of the recorder of the county in…
§ 6515 At any time after its delivery to him the legal holder of the certificate of sale may pay any general taxes, street improvement assessments, or any other tax…
§ 6516 Upon production by the holder of the certificate of sale of the official receipt for the amounts so paid by him, the treasurer shall make an indorsement upon…
§ 6517 Immediately on the sale, the purchaser shall become vested with a lien on the property sold to him, to the extent of his bid. He may only be divested of that…
§ 6518 The holder of a certificate of sale, upon assignment of such certificate shall immediately notify the treasurer thereof, giving the name and address of the…