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Bidding Rules  

Mesa County, Colorado   https://mesa.coloradotaxsale.com

Bidding Rules for Annual Public Auction of Delinquent Real Estate Taxes

2017 Tax Lien Sale (for Tax Year 2016)

SUMMARY OF IMPORTANT INFORMATION

SALE

  • The Mesa County Tax Lien Sale will be held via the Internet beginning Wednesday, October 18, 2017, and ending Wednesday, November 8, 2017.

  • The website [https://mesa.coloradotaxsale.com] will open for registration beginning Wednesday, August 9, 2017.  Research of properties may begin Wednesday, October 18, 2017.

  • More detailed instructions on “How the Sale Works” can be found at the “Start Here” button on this website.

REGISTRATION AND DEPOSITS

  • Each bidder must register on Mesa County’s Auction Website BEFORE they will be allowed to participate in the Tax Lien Sale.  Registration may begin Wednesday, August 9, 2017.  Each bidder must be registered no later than Friday, November 3, 2017, in order to participate in Mesa County 2017 Tax Lien Sale. 

  • All bidders must make a deposit BEFORE their bids will be accepted.  Deposits may begin as early as Wednesday, September 6, 2017. 

  • If participants are depositing funds via ACH, those funds are to be deposited on Mesa County’s Auction Website no later than 4:00 p.m. on Friday, November 3, 2017. 

  • If participants are depositing funds via cash or certified funds, those funds are due in person at the Mesa County Treasurer’s office, 544 Rood Avenue, Grand Junction, Colorado, no later than 4:00 p.m., on Monday, November 6, 2017.  Personal checks will not be accepted.

  • Each bidder must make a deposit equal to ten percent (10%) of the total dollar amount of tax certificates the bidder anticipates winning.  Final determination regarding the acceptability of any deposit is at the discretion of the Mesa County Treasurer.  If a bidder’s deposit drops below ten percent (10%) of the total dollar amount of all tax certificates won, plus the amount of active bids, while there are still active bids, the active bids will not be accepted.

  • Each bidder will be required to complete a form online with name, address and Social Security number (or Tax I.D.).  Bidders are responsible to assure that their information is correct as IRS W-9 forms, tax lien certificates, refunds and redemptions are prepared from this information.

  • The sequence of the published list in the local newspaper will be followed as closely as possible.


MINIMUM BIDS

  • The minimum starting bid for each tax certificate is equal to the amount of the unpaid taxes, interest, penalties, and fees.

BID INCREMENTS

  • Bid increments shall be one dollar ($1.00).

BIDDING

  • Employees and officials of Mesa County, members of their immediate families or their agents may not acquire a tax lien at the Mesa County Tax Lien Sale per C.R.S. 39-11-151.

  • “Premium bidding” is at the discretion of the bidder.  Premiums on winning bids are a cost of securing the tax lien and are not returned nor do they draw interest. 

  • Bidding may begin on Wednesday, October 18, 2017, and will end on Wednesday, November 8, 2017. 

  • Each batch containing approximately 200 properties will close in one-hour increments.  For example, on November 8, 2017,  Batch 1 will close at 9:00 a.m. (M.D.T.)  Batch 2 will close at 10:00 a.m.; Batch 3 will close at 11:00 a.m.; Batch 4 will close at 12:00 Noon; Batch 5 will close at 1:00 p.m.; and Batch 6 will close at 2:00 p.m. 

  • Once a batch closes, the bids become final and may not be changed or withdrawn.

  • All successful auction results will be posted by bidder number.

TERMS

  • It is the Bidder’s responsibility to know the quality of the property on which they are paying the taxes and receiving a lien.

  • At the close of the auction, all successful bids are final.  No changes in, or cancellation of, liens can be made after the lien is sold.

INTEREST

  • Premiums do not draw interest.

  • When redeemed, your certificate will pay nine points over the Federal Discount Rate as of September 1.  Certificates will earn 11% for the current year’s sale, except on erroneous sales which will receive two points above the Discount Rate but no lower than 8%.

PAYMENT

 Each winning bidder shall make a payment of funds sufficient to cover the total amount of the bidder’s winning bids by ACH on the Auction Website no later than Thursday, November 9, 2017, at 3:00 p.m. (M.D.T.); or

  • Each winning bidder wishing to make payment of funds sufficient to cover the total amount of the bidder’s winning bids by cash, certified funds, must make such payment at the Mesa County Treasurer’s office, in person, no later than Thursday, November 9, 2017, at 3:00 p.m. (M.D.T.) 

  • If a winning bidder fails to make such payment by this time, the Treasurer may, in the Treasurer’s sole discretion, award the tax certificates to another bidder or may offer the tax lien for sale in accordance with C.R.S. 39-11-116.

  • If a winning bidder fails to pay the amount due from bidding on sales, the Treasurer may prohibit a person from participating in future sales up to five years [C.R.S. 39-11-116].

TAX LIEN

  • You do not have ownership right to the property, simply a property tax lien.

SUBSEQUENT TAXES

  • If the owner does not pay future taxes before August 1st each year, you will be notified of the amount due and you may pay them if you wish.  Your payment will be endorsed onto your lien and will accrue interest at the same rate as your certificate. 

  • If you do not wish to endorse, the Treasurer may prohibit you from participating in that year’s tax lien sale.

  • If the property in is bankruptcy, lienholder endorsements on subsequent taxes are not permitted.

TREASURER’S DEED

  

  • The majority of properties are redeemed.  You do not have ownership rights to the property, simply a property tax lien; this is an investment.

  • A Treasurer’s Deed may be applied for three (3) years after the date of the sale if the property remains unredeemed.  A deposit shall be required to cover expenses.

CERTIFICATE OF OWNERSHIP

  • If a mobile home is located on leased land, the tax lien holder is eligible to apply for a Certificate of Ownership one year after the date of sale.

  • If a mobile home is located on land owned by the same owner as the mobile home, the tax lien holder is eligible to apply for a Certificate of Ownership three (3) years after the date of sale.


SUMMARY OF IMPORTANT DATES AND INFORMATION

Auction Type

Proxy

Bidding Type

Proxy

Bid Increments

$1.00

Deposit Required / Minimum Deposit Amount

10% of estimated winnings / No Minimum

Deposit Types Accepted

ACH, Cash, Certified Funds

Payment Types Accepted

ACH, Cash, Certified Funds

Electronic Redemption Available

Yes

Website Training Class

Weekly Online Webinar

Site Opens for Registration

Wednesday, Aug. 9, 2017

Bidding Officially Begins

Wednesday, October 18, 2017

Deposits Due

ACH, Nov. 3, 2017;  In person, Nov. 6, 2017

Auction Starts (First Batch Closes)

Wednesday, Nov. 8, 2017, at 9:00 a.m. M.D.T.

Batches Closing Interval

Every 60 minutes (at the top of the hour)

Auction Ends (Last Batch Closes)

Wednesday, Nov. 8, 2017 at 2:00 p.m. M.D.T.

Payments Due

Thursday, Nov. 9, 2017 at 3:00 p.m. M.D.T.

Customer Service Questions

1-877-361-7325


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