All Forum Posts by: Sophie Wang
Sophie Wang has started 7 posts and replied 22 times.
Post: Tax lien in Colorado
- Investor
- Denver, CO
- Posts 22
- Votes 6
Thanks Dale! Yes I did some research and it looks like most Colorado counties auction their tax liens in November, which is coming soon!
Originally posted by @Dale T.:
Tax liens are sold annually. You can contact the treasurer for each county for the exact auction date. Expect to pay over par for the certificate. Research Colorado Law on the sale, and redeption procedure. The procedure is set up to provide the property owner every opportunity to redeem the property. You will need to do your homework and educate yourself.
Post: Tax lien in Colorado
- Investor
- Denver, CO
- Posts 22
- Votes 6
Hey guys,
I am thinking to start investing in tax lien certificate, and it seems to make sense to start in my home State which is Colorado. However, it is kind of hard to find information specifically for Colorado, maybe because Colorado's rate is not as high as some of the other States such as NJ which has been a lot more discussed?
I did read a couple CO counties' treasure's website and did some online research on general information about tax lien investing, but still feel there are a lot of unknown. For example, Colorado's policy is to bid up with premium and people can not see how much higher other people are bidding in the online system, I am curious in previous years how much premium needs to be added in order to win a bid, in a ballpark.
So is anyone doing tax lien investing in Colorado that I can get some information/help from? Just trying to get a little more enlightened so that I can avoid some pitfalls as a new tax lien investor. Any suggestions are greatly appreciated.
Thanks!
Sophie