Section 4676 Of Chapter 1.3. Distribution Of Proceeds From Sale Of Tax-deeded Property From California Revenue And Taxation Code >> Division 1. >> Part 8. >> Chapter 1.3.
4676
. (a) When excess proceeds from the sale of tax-defaulted
property exceed one hundred fifty dollars ($150), the county shall
provide notice of the right to claim the excess proceeds, as provided
in this section.
(b) No later than 90 days after the sale of the property, the
county shall mail written notice of the right to claim excess
proceeds to the last known mailing address of parties of interest, as
defined in Section 4675. The county shall make a reasonable effort
to obtain the name and last known mailing address of parties of
interest.
(c) If the last known address of a party of interest cannot be
obtained, the county shall publish notice of the right to claim
excess proceeds in a newspaper of general circulation in the county.
Publication is not required if the cost to publish is equal to or
greater than the amount of the excess proceeds. The notice shall be
published once a week for three successive weeks and shall commence
no later than 90 days after the sale of the property.
(d) The cost of obtaining the name and last known mailing address
of parties of interest and of mailing or publishing the notices
required under this section shall be deducted from the excess
proceeds and shall be distributed to the county general fund.