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After signing up, each prospective buyer will certainly get a bidding number from the Auction Site that will certainly make it possible for the prospective buyer to position proposals. All prospective buyers must make a down payment on the Auction Site before their bids will certainly be approved. Each prospective buyer shall make a deposit equivalent to ten percent (10%) of the overall dollar quantity of tax liens the prospective buyer anticipates winning.
Tax liens are granted to the highest prospective buyer, or in the occasion of a tie, the victor will certainly be chosen at random by the Auction Web site, and the winning bid amount will certainly equate to the quantity of the tie quote. Tax liens will certainly be grouped into sets and offered in one-hour increments beginning on November 6, 2024, at 8:00 a.m.
Employees and authorities of the City and County of Denver, and members of their households are not allowed to buy at the Public Public auction - how does tax lien investing work.
There are no warranties expressed or implied relating to whether a tax lien will confirm to be a profitable investment. The building info obtainable on the proposal web pages was obtained from the Assessor's workplace before the begin of the existing auction and is for reference just (please note that this building info, provided by the Assessor's workplace, stands for the most present assessment year, not the tax year related to this tax lien sale, as taxes are paid one year behind).
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