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Investing in tax liens with acquisitions at a tax obligation lien sale is simply that-a financial investment. All Tax Sales in Colorado are carried out per CRS 39-11-101 thru 39-12-113 Adhering to the tax lien sale, successful bidders will certainly obtain a copy of the tax obligation lien certification of acquisition for each property. Investing in tax obligation liens via acquisition at the tax lien sale is just that, an investment.
When a property owner drops behind in paying building taxes, the area or municipality might place tax lien against the residential or commercial property. Instead of waiting for payment of taxes, governments often decide to market tax lien certificates to exclusive investors. Your revenue from a tax lien investment will certainly come from one of 2 sources: Either interest settlements and late charges paid by house owners, or repossession on the residential property sometimes for as little as pennies on the dollar.
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