Eagle County to conduct tax lien sale and seminars
Ryan Summerlin October 25, 2012
EAGLE COUNTY, Colorado – The Eagle County Treasurer’s Office will hold its annual tax lien sale at 9 a.m. Nov. 8 at the Eagle County Building, located at 500 Broadway in Eagle. Registration begins at 8 a.m. Currently, there are 362 real property accounts with delinquent taxes totaling over $2 million and 10 mobile home accounts with delinquent taxes totaling approximately $1,000. Any delinquent accounts not paid as of Nov. 6 will be offered at the sale.
The tax lien sale is the final step in the process of ensuring taxing entities, such as towns, school districts, fire protection districts and the county, receive their funding. The taxes are purchased by investors who earn interest on the tax liens placed on the property. The interest rate on the investment is set at nine points above the Federal Reserve discount rate as of Sept. 1 of each year. The interest rate for this year’s sale will be 10 percent.
Also, seminars will be offered on Nov. 7 for investors interested in learning more about the tax lien sale and foreclosure processes. The tax lien sale seminar will be offered at noon at the Eagle County Building and again at 4:30 p.m. at the Eagle Public Library, 600 Broadway in Eagle.
Two foreclosure sale seminars are scheduled immediately following the tax lien sale seminars on Nov. 7. The first will take place at 1 p.m. at the Eagle County Building and the second is scheduled for 5:30 p.m. at the Eagle Public Library. The sessions will include a discussion on the foreclosure process, focusing specifically on foreclosure sales from an investor’s viewpoint.-
Those interested in attending any of the four seminars are asked to R.S.V.P. no later than Nov. 5 by calling 970-328-8860 or online at www.eaglecounty.us/treasurer.-