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After signing up, each prospective buyer will certainly get a bidding number from the Public auction Site that will make it possible for the prospective buyer to put proposals. All prospective buyers must make a down payment on the Auction Web site before their quotes will be approved. Each bidder will make a deposit equivalent to ten percent (10%) of the overall dollar quantity of tax liens the bidder anticipates winning.
Tax obligation liens are granted to the greatest prospective buyer, or in the event of a tie, the victor will certainly be chosen at arbitrary by the Auction Web site, and the winning quote amount will certainly amount to the amount of the tie proposal. Tax liens will be organized into batches and marketed in one-hour increments starting on November 6, 2024, at 8:00 a.m.
Workers and officials of the City and County of Denver, and participants of their households are not allowed to purchase at the Public Public auction - how does tax lien investing work.
There are no assurances expressed or indicated pertaining to whether a tax obligation lien will certainly confirm to be a profitable investment. The property information available on the bid pages was acquired from the Assessor's office before the start of the present public auction and is for reference only (please note that this home information, supplied by the Assessor's office, represents one of the most existing evaluation year, not the tax year connected with this tax obligation lien sale, as taxes are paid one year behind).
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