Home Publications Guides, Manuals, and Reference Materials County Tax Collectors' Reference Manual (2012) Chapter 5000 Redemptions 5470-5478 Notice of Power to Sell: Cancellation of a Rescission - Form Instructions

5470-5478 Notice of Power to Sell: Cancellation of a Rescission - Form Instructions

5470. FISCAL YEAR
The fiscal year shown on the recorded Cancellation of Rescission of Notice should be used. See M-5410 for a discussion of the fiscal year.

5471. DEFAULT NUMBER
The default number should be that shown on the recorded notice of power to sell (form SCO 5-10). For a discussion of the default number as shown on the notice of power to sell, see M-7112.

5472. ASSESSOR'S PARCEL NUMBER
The current assessor's parcel number (APN) should be shown on the cancellation of rescission. If the APN on the recorded notice differs from the current APN, the former APN should be listed after the current APN on the partial rescission.

EXAMPLE: APN 025-010-07, formerly 025-010-02

5473. NAME OF THE COUNTY
The name of the county is typed in the blank spaces preceding the word "County" (form SCO 5-10).

5474. DATE OF REDEMPTION
The date of redemption on the cancellation of rescission should be the date on which the property was redeemed, as shown on the redemption certificate (form SCO 5-10).

5475. NAME OF THE ASSESSEE
The cancellation of rescission of the notice of power to sell must show the name of the assessee as it was shown on the recorded Notice of Power to Sell Tax-Defaulted Property (form SCO 5-10).

5476. RECORDING DATE
The recording date shown on the cancellation of rescission should be the date on which the Notice of Power to Sell Tax-Defaulted Property was recorded (form SCO 5-10).

5477. INSTRUMENT NUMBER, VOLUME AND PAGE
The recording data (i.e., instrument number, recorder's volume and page) must be exactly the same on a cancellation of rescission form as the information shown on the recorded Notice of Power to Sell Tax-Defaulted Property (form SCO 5-10). An error could cause the wrong notice to be rescinded. Both the instrument number (recorder's series number) and the volume and page (or book and page) of the recorded notice must be shown. If the county recorder does not use both systems when indexing the documents, the system customarily used should be shown.

5478. SIGNATURE AND ACKNOWLEDGMENT
The cancellation of rescission must be signed by the tax collector or an authorized deputy (M-7130 et seq.) and acknowledged by the county clerk, the notary public or another county official, pursuant to Civil Code section 1181 (Rev. & Tax. Code §168.5) (form SCO 5-10). Instructions for completing the signature and acknowledgment portion of the rescission are the same as for completing the recorded Notice of Power to Sell Tax-Defaulted Property (M-7130 et seq.).