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Spending in tax obligation liens via purchases at a tax lien sale is simply that-a financial investment. All Tax Obligation Sales in Colorado are conducted per CRS 39-11-101 thru 39-12-113 Following the tax obligation lien sale, successful prospective buyers will certainly obtain a duplicate of the tax lien certificate of purchase for each residential or commercial property. Investing in tax liens with acquisition at the tax lien sale is just that, a financial investment.
When a home owner drops behind in paying residential property taxes, the area or municipality might position tax lien against the residential or commercial property. Instead of waiting for settlement of taxes, governments in some cases choose to sell tax obligation lien certificates to private capitalists. Your income from a tax obligation lien investment will come from one of 2 sources: Either passion repayments and late costs paid by property owners, or foreclosure on the property in some cases for as little as pennies on the dollar.
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