Rights of Parties of Interest
To claim the excess proceeds from the sale of tax defaulted property you must be a "party of interest" as defined by Section 4675 of the Revenue and Taxation Code.
Your claim for excess proceeds must be filed within ONE YEAR after the tax collector's deed to the purchaser is recorded.
The law protects parties of interest by requiring assignment to another person of the right to claim excess proceeds can be made only by means of a dated, written document. The document must specifically say that the right to claim excess proceeds is being assigned and that each party to the transaction has informed the other of the value of the right being assigned.