Countdown Update
The advertising insert published in the
newspaper on October 2nd listed 1238 properties
with $5,085,412.29
in unpaid taxes. Several taxpayers have paid off
their taxes. Today's numbers are 990 properties
with $4,238,197.90 in unpaid taxes. You can
expect these numbers to keep falling as
delinquent taxpayers pay their taxes before the
sale.
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When do I get My Property?
Can I Inspect My Property?
Hold on to your horses here.
You aren't buying property - you are just
paying the taxes, which entitles you to a
lien on the property. Not the property
itself. Leave the people who live on the
property alone. The owners, estate heirs or
a mortgage company who holds the title to
the property, have the right to pay off the
taxes and clear the lien. That's how you
make your interest. If the taxes are not
paid for three years can you initiate the
process of acquiring the property via a
Treasurer's Deed. This takes several months
and requires title guarantee company
searches, advertising in local papers and
notices to any and all interested parties
advising them a claim has been made on the
property. Usually, an heir or a mortgage
company will pay the taxes rather than lose
the property. If you saw a TV ad promoting
this as cheap property, we hate to burst
your bubble, but in Boulder County, that's
not the way things work. In 20 years, we
know of only one home that has been
transferred via a Treasurer's Deed. If you
are careful, you can make a tidy profit on
interest payments at the tax lien sale, and
BoulderCounty is grateful for your
participation.
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Online Information
You can download
spreadsheets of available
properties. These spreadsheets are
updated daily. Please keep checking
back!
For all
other tax lien sale
questions, go to
www.bctaxhelp.com -
click on the link that
says Tax Lien Sale
Information
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How Deposits and
Refunds Work
To participate in the Tax
Lien Sale you need to register and place a
deposit with the Treasurer's Office before
the sale. You will need to deposit as much
money as the maximum bid you plan to make
during the sale. You can pre-register and
deposit your cash or certified funds (no
letters of credit will be accepted) beginning
October 26th. Most bidders deposit money the
morning of the sale.
Registration opens at 7:45 AM and the
auction begins at 8:30 AM, October 30th. You
can deposit more money any time during the
auction. Experienced bidders bring several
cashier's checks and make deposits as
necessary during the day. If you bid more
than you have on deposit, you must
immediately make up the difference. If
outstanding money is still due on a bid at
the end of the auction, the property will go
up for bid and be sold at the end of the
day. The Treasurer's Office plans to sell
all the tax liens and collect all the money
by the end of business on the day of the
sale.
If you are due a refund after the sale is
over, refunds will be available at our
downtown office, 1325 Pearl St, beginning
Noon, Tuesday, November 3rd. If you
don't pickup your refund in the office by
the time we close at 4:30 PM, refunds will
be mailed out the next day. If you wired in
your deposit, your refund will be wired out
Wednesday, November 4th.
If you have any questions about deposits,
bids or any other aspect of the tax lien
sale, please send an email to taxlien@bctaxhelp.com
or give a call to the office 303-441-3520 |
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FREE Parking!
All registered bidders receive a parking
pass good for 8 hours at any of the four
downtown City of Boulder parking lots:
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1100 Walnut
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1400 Walnut
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11th and Spruce
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1500 Pearl
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Suggestions? Comments?
Or give us a call at
(303) 441-3520
For more
information go to:
www.bctaxhelp.com
and click on Tax Lien Sale |
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