All Forum Posts by: Kevin S.

Hello Josh,

I 'm curious to hear how your experience went. Did you go through with pursuing this lead? Most of the tax lien investment companies are invested in these certificates for the purpose of earning interest. In my experience they don't usually pursue getting the treasurer's deed. I too have purchased a few tax lien properties from other investors primarily here in the state Colorado.

-Kevin

Thanks Ryan. I have already done most of my due diligence. I'm looking to invest for the purpose of foreclosing on the properties. They are vacant parcels. I have done 2 tax lien investments in the past in this way (wholesale from another investor) but need additional guidance or recommendation specific to the contract or purchase agreement side of things. I'm not 100% comfortable sending money to someone I don't even know without having some king of assurance like a signed agreement in place first. Feel free to send me the info on Dan Murray. I'm always trying to learn more! Thanks again.

Hello All,

Recently I've been in contact with a tax lien investment company based out of Florida (I'm in Colorado) and am looking to purchase a few of their tax lien certificates. I was wondering what the recommended documentation is for this type of purchase?---i.e. would it be a contract or purchase agreement? What all do investors typically use? My funds for the purchase are likely to be sent via certified check or wire transfer. I appreciate any advice.

Thanks,

Kevin

Wayne, I know you posted this reply a while ago but I was searching for this same topic for my particular situation and I have a question for you. I'm looking to buy a a county tax lien certificate from another investor. It is located in Colorado. It has a Federal IRS lien listed on the O&E report. You had stated that the Federal government has 120 days to redeem. Is this counted from the date of the treasurer's deed issuance or the date of the final quiet title decree? 

I mean to say that the county property tax lien takes first priority over everything else. Worst case scenario, I would get paid first, even with the IRS lien, right?

Hello All,

It's my understanding that a county tax lien has priority over any other liens---so basically everything else is wiped out. I'm looking to purchase a tax lien property from another investor. The property is located in Colorado and has multiple judgments, a deed of trust, as well as an IRS tax lien against it. Can anyone advise as to whether these all get wiped out from the county tax lien? I'm looking to purchase the property and will apply for treasurer's deed in October. Then will likely proceed with quiet title action as there is sufficient value in the property to make it worthwhile. Perhaps @Wayne Brooks could respond?

Thanks!

Kevin

Robin, can you please send me that CPA's contact info also? Thanks!

Bruce,

The parking lot parcel that I'm talking about is owned by the bank itself. The adjacent lot with the bank's building on it is being leased by the bank. The parking lot parcel is likely not worth anything to anybody other than these two parties. It is, however, possible that another bank could easily put an ATM there as it's located at a major intersection in the heart of the city. My thought was to negotiate with the county to buy this at a lower price and take the risk to see if I can sell the parking lot back to either the bank or the property owner.

Hello All, I am looking into possibly buying an over the counter tax lien property from the county. The parcel is for a partial parking lot for a "big name" national bank. The bank parcel adjacent to this lot is a (mostly) drive through location, but per the sign on the front door, they do have bankers onsite for walk in appointments also. They have a total of 9 parking spaces, of which this particular tax lien parcel would cover about 3.5 regular and 0.5 disabled parking spots (see photo attached). In addition, one of the main (there are a total of 3 possible) parking lot entrance / exit points is included in this parcel also. Would any of you say that this is a worthy purchase from the standpoint of trying to sell it back to the bank? It's worth noting that property has been deed eligible for for some time now, as the original tax sale was held back in 2013.

Click on image below to see approximate parcel boundary lines.

Thanks Bill and Josh, yes there is a lot that can happen between now and then. I spoke with the county and was told notice would go out to owner(s) and, if unredeemed, the treasurer's deed would be issue on November 1st. I'm just trying to prepare as that's not too far away. I've never dealt with tax lien property that has a deed of trust against it and want to be ready. It seems that quiet title action would clear up both the deed of trust and the tax lien issues in a single shot.