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Investing in tax obligation liens via acquisitions at a tax lien sale is simply that-a financial investment. All Tax Obligation Sales in Colorado are carried out per CRS 39-11-101 thru 39-12-113 Following the tax obligation lien sale, successful prospective buyers will obtain a duplicate of the tax lien certificate of acquisition for each home. Investing in tax obligation liens via acquisition at the tax lien sale is simply that, a financial investment.
When a homeowner drops behind in paying building tax obligations, the area or town might put tax obligation lien versus the building. Rather of waiting for settlement of taxes, federal governments occasionally decide to sell tax obligation lien certificates to personal capitalists. Your earnings from a tax lien financial investment will come from one of 2 sources: Either interest payments and late costs paid by home owners, or foreclosure on the building occasionally for as little as pennies on the dollar.
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