Tax Lien Sale
date: Thursday, November 6, 2014
starts at 8:00 am in the Treasurer's Office at 506 E Main St, Ste 201.
will take place starting at 9:00 am in the Rio Grande Meeting Room located at
455 Rio Grande Place Aspen, CO
Advertised Delinquent Tax List: Advertising List for Tax Lien Sale.pdf
THE INTEREST RATE FOR TAX LIEN
SALE CERTIFICATES SOLD IN 2014 is 10 PERCENT
Tax Lien Sale
- If you are here to
take part in the sale you cannot be a county employee, their spouse or family
member nor can you be an agent for them
- Individual or company, that the Tax Lien
Certificate is issued to, can only have three representatives for bidding
purposes. For example if individual, you and two agents for; if a company,
three agents for. No one person may have two different bidder numbers.
- The tax lien parcel list is created to the
best of our knowledge. If the parcel is later discovered as a “wrongfully sold
tax lien” the Tax
Lien Certificates of Purchase sold would only earn 8% per annum.
- It is the buyer's responsibility to know the quality of the property on
which they are paying the taxes and receiving a lien. Any
additional information you are seeking should have been done in your research beforehand.
The recommendation of the Treasurer is that
you consult with private legal counsel prior to the tax lien sale.
Sequence of Sale
will be done as followed:
under $5000 we will do a round robin. If you pass on the property offered you
will have to wait until you number comes back around (basically you lose your
$5000 and above will be done with premium bidding. This will start at a minimum
$10.00 with $10.00 increments.
bids are not refundable and do not earn interest.
Mineral Rights, and Mobile Homes will be offered at end of the sell to any
interested party in the same manner as the rest of the sale (round robin under
$5000, premium bid over $5000)
All payments must
be made within two hours of the end of the sale. If you are unable to render the funds within
the timeframe, your properties will be available for sale to the first
interested party. This would be considered forfeiting your bid which will
result in a five year period where neither you nor an agent for you may take
part in our county tax lien sale.
- If there are many
changes to how you would like the name to appear on the Certificates let us
know at the time of registration. After this time you will have to do an
assignment to make any changes
- New Investor must
submit a deposit or a letter of credit at the time of registering. Deposit must
be in certified funds or cash in the amount you believe you will be purchasing.
The Treasurer’s Office has the authority to limit you to that amount during the
sale. In order for Pitkin County to accept a letter of credit it must:
Be on the bank
Signed by a bank
Cannot be dated
more than two business days prior to the Tax Lien Sale Date;
account information on which the payment to Pitkin County will be made from.