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After registering, each bidder will certainly get a bidding number from the Auction Web site that will certainly make it possible for the bidder to put quotes. All bidders have to make a deposit on the Auction Internet site before their quotes will be accepted. Each prospective buyer will make a deposit equal to ten percent (10%) of the total buck amount of tax liens the bidder prepares for winning.
Tax obligation liens are granted to the greatest prospective buyer, or in the event of a tie, the winner will be picked at arbitrary by the Public auction Internet site, and the winning proposal amount will certainly equal the amount of the tie bid. Tax liens will be organized right into batches and offered in one-hour increments starting on November 6, 2024, at 8:00 a.m.
Staff members and officials of the City and County of Denver, and members of their families are not permitted to acquire at the Public Auction - what is tax lien real estate investing.
There are no assurances revealed or indicated concerning whether a tax obligation lien will certainly show to be a profitable investment. The property information available on the quote pages was obtained from the Assessor's office before the begin of the present public auction and is for reference just (please note that this home information, provided by the Assessor's office, represents one of the most current assessment year, not the tax obligation year connected with this tax lien sale, as taxes are paid one year behind).
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