Important Notice to Weld County Tax Lien Investors:
Per Colorado House Bill 24-1056 the Treasurer's Deed process has changed effective July 1, 2024. Deeds will no longer be issued to the lien holder at lien holder's request, instead, the option for Treasurer's Deed will be sold through an online public auction to the highest bidder. This auction provides an opportunity for the property to be sold at fair market value as determined by bidding. At the conclusion of the auction the lien holder will have the option to redeem for the auction purchase price if they would like to take ownership of the property.
Please feel free to call us if you have any questions 970-400-3290.
Who Can Apply?
C.R.S. 39-11.5-102 (1) reads “AT ANY TIME AT LEAST THREE YEARS FROM THE DATE OF THE SALE OF A TAX LIEN PURSUANT TO ARTICLE 11 OF THIS TITLE 39, A LAWFUL HOLDER MAY FILE AN APPLICATION FOR A PUBLIC AUCTION OF A CERTIFICATE OF OPTION FOR TREASURER’S DEED FOR THE PROPERTY SUBJECT TO THE TAX LIEN DESCRIBED IN THE CERTIFICATE OF PURCHASE HELD BY THE LAWFUL HOLDER. IN SO DOING, THE LAWFUL HOLDER SHALL FILE AN APPLICATION FOR PUBLIC AUCTION IN A FORM AND MANNER DETERMINED BY THE TREASURER."
C.R.S. 39-10-111.5 (2.5) (a) The only person(s) who may file an APPLICATION FOR A PUBLIC AUCTION OF A CERTIFICATE OF OPTION FOR TREASURER'S DEED is the lawful holder of the tax lien certificate and this option is only available for real property and mineral rights; at this time, mobile/manufactured homes are excluded from the process as per C.R.S. 39-10-111.5 (2.5)(a).
How Do I Apply for an Application for Public Auction?
Contact the Treasurer's office and request an application at (970) 400-3290.
Return the “APPLICATION FOR A PUBLIC AUCTION OF A CERTIFICATE OF OPTION FOR TREASURER’S DEED TO THE WELD COUNTY TREASURER along with a $900.00 deposit.
The Treasurer may require the lawful holder to make a deposit in an amount determined by the Treasurer to include the Treasurer’s fee for recording the application in an amount equal to the amount established in SECTION 38-37-104 (1)(B)(I) PLUS THE AMOUNT NECESSARY TO COVER THE ACTUAL AND REASONABLE COST TO THE Treasurer to administer the public auction and otherwise ensure compliance with the requirements of this ARTICLE 11.5 as per Page 9-HOUSE BILL 24-1056.
The Treasurer's Deed process take up to six months, given no unforeseen problems. C.R.S. 39-11.5-105 Date of Public Auction. THE TREASURER SHALL HOLD THE PUBLIC AUCTION NO MORE THAN 125 CALENDAR DAYS NOR LESS THAN 110 CALENDAR DAYS AFTER THE DATE OF THE FIRST PUBLICATION OF THE KNOWN INTERESTED PARTY NOTICE PUBLISHED BY THE TREASURER PURSUANT TO SECTION 39-11.5-104. The auction for Treasurer's Deed will take place if redemption is not made by 1 p.m. the day prior to the auction.
Things To Remember:
Ultimately the sale is a "BUYER BEWARE" sale, as there is an element of risk inherent in the purchase of tax liens/Treasurer Deeds. Please conduct your own investigation in order to reduce the risk.
A Treasurer's Deed is an unmarketable title for seven years. You may deed the property to another, however you may not warrant the title. Please contact an attorney or title company for further information as the treasurer's office is unable to advise you in this matter.
If the certificate is redeemed by 2 p.m. the day prior to public auction, you will receive your investment, interest, and your application fee in full. However, no interest is earned on the application fee.