When recording a installment land contract in Kern County California, is the buyer supposed to submit a PCOR at the same time? How does the buyer take over the property tax payments?
2 Answers from Attorneys
You don't submit a PCOR with the recording of an installment land sale contract, because title is not transferred to the buyer until all the payments have been made under the installment land sale contract. Usually the installment land sale contract will contain a provision that requires the vendee (buyer) to pay the property taxes. The contract itself should reference the Assessor's Parcel Number, with an annotation in the left hand side that states "when recorded mail tax statements to: (vendee's name and address)."
Mr. Roach is correct. The buyer does not become liable to the county until the contract is completed. This is one of MANY problems with using a contract for deed rather than a deed with a carry back deed of trust.