Colorado Statutes Read:
If the taxes levied are not paid, delinquent real property shall be sold at the regular tax sale for the payment of said taxes, interest, and penalties in the manner provided by the statutes of this state for selling real property for the nonpayment of general taxes. If there are no bids at said tax sale for the property so offered, said property shall be struck off to the county, and the county shall account to the district in the same manner as provided by law for accounting for school, town, and city taxes. Delinquent personal property shall be distrained and sold as provided by law.
Interest Rate: The annual rate of redemption interest shall be nine percentage points above the discount rate, which discount rate shall be the rate of interest a commercial bank pays to the federal reserve bank of Kansas City using a government bond or other eligible paper as security, and shall be rounded to the nearest full percent. On September 1 of each year, the annual rate of redemption interest shall be established in the same manner, to become effective on October 1 of the same year. .
Auction Type: Tax Lien Certificate . The sale of tax liens on lands upon which taxes remain delinquent shall commence on or before the second Monday in December of each year and shall be held at the treasurer's office in each county or at any other location in the county deemed suitable by the treasurer; except that all of the property offered for sale on the same day shall be offered for sale at the same location .
Bidding Procedure: the taxes levied for the preceding year or years on any lands remain unpaid, the tax liens on such lands offered at public sale at the times provided by law shall be sold to the persons who pay therefore the taxes, delinquent interest, and costs then due thereon or who further pay the largest amount, in cash, in excess of said taxes, delinquent interest, and costs. Treasurer can at his/her discretion set the bidding rules.
Costs: For each certificate of purchase delivered, four dollars, $5 for payment of subsequent taxes, and $75 fee for deed application ($35 if not advertised).
Redemption: Real property for which a tax lien was sold under the provisions of article 11 of this title as a result of delinquent taxes may be redeemed by the owner thereof or his agent, assignee, or attorney, or by any person having a legal or equitable claim therein, or by a holder of a tax sale certificate; except that such holder may redeem such real property from any sale of a tax lien thereof made subsequent to the time of the issuance of the tax sale certificate upon which he is relying, and the amount paid for the redemption of the subsequent certificate of purchase shall be endorsed as subsequent taxes paid on the certificate upon which he is relying.. The purchaser may apply for a deed once three years have passed from the date of the sale.
Deed Assigned at Foreclosure to: At any time after the expiration of the term of three years from the date of the sale of any tax lien on any land, or interest therein or improvements thereon, for delinquent taxes, on demand of the purchaser or lawful holder of the certificate of such tax lien, other than the county wherein such property is situated, and on presentation of such certificate of purchase or properly authenticated order of the board of county commissioners, where the certificate has been lost or wrongfully withheld from the owner, and upon proof of compliance with section 39-11-128 the treasurer shall make out a deed for each such lot, parcel, interest, or improvement for which a tax lien was sold and which remains unredeemed and deliver the same to such purchaser or lawful holder of such certificate or order.
* The publisher reserves the right to increase the price without further notice.
Your first successful tax lien purchase will leave you feeling
on top of the world and you'll sense growing confidence with a
feeling of invicibility. The emotions running through your mind
are going to be indescribable.
Emotions can be a motivating factor when purchasing tax lien certificates.
Especially when you learn that a few of your certificates have been converted into free-and-clear properties.
Imagine how good you'll feel when you are able to quit your job
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minute that this is just pie-in-the-sky wishing. Many of our former students are already
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Once you are able to take control of your own future, you may want to give us a big smooch too!
As you know there are two ways to reach your financial destination, the long, painful and costly way - or the short, easy, and effective way. Applied knowledge is power, take what you've learned and apply it. Otherwise, it all has been a waste of time.
The Ultra Rich have been Investing in Tax Liens and Tax Deeds for Years, Now it's Your Turn!
Tax Liens Frequently Asked Questions