Tax-default properties up for bid in county auction - San Diego, California News Station - KFMB Channel 8 -

Tax-default properties up for bid in county auction

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SAN DIEGO (CBS 8) - Dozens of condos, homes and apartment complexes went up for bid Wednesday in a public auction.

The properties have all been in default for at least five years.

Also on the auction block, businesses and undeveloped properties in the east and north counties.

"Because of the downturn in the economy, the quality of the properties is higher that it was say 5 or 6 years ago," San Diego County Tax Collector Dan McAllister said.

There were originally 300 properties in jeopardy that could have been sold, but most owners paid their back taxes by Tuesday's deadline.

There were 80 properties available when the auction started Wednesday morning.

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