Endorsement Of Subsequent Tax Liens
What is Endorsement?
Endorsement provides the current certificate holder with the
option of endorsing the current year's delinquent tax onto the original tax lien sale
certificate. Subsequent payment of the delinquent tax will earn the same
rate of interest as the original certificate. Yearly endorsements by the
current certificate holder keeps the current year's delinquent tax from being sent to Tax
Lien Sale again
so that a junior lien holder is not created.
Colorado Revised Statutes, 39-11-119, provides that a holder of a
certificate of purchase may pay subsequent taxes on the property of which the
buyer holds an unredeemed certificate, and this payment will be endorsed onto
both the original certificate and the tax lien sale record in the Treasurer's
office.
When am I able to Endorse?
The Gilpin County Treasurer will accept subsequent payments of
taxes beginning August 1st. Delinquent tax
notices for endorsements are mailed to all certificate holders the last week of July
with a
first come, first pay statement.
What do I need to do?
After receiving your delinquent tax notices for endorsement, please notify us as to
which certificates you wish to endorse by mailing the payment stubs by August 31st
with the amount due. Personal checks are accepted.
When can I apply for a Treasurer's Deed?
Application may be started after August 1st of the
third year after the tax lien sale in which the tax lien certificate was purchased.
For instance, a tax lien purchased in November 2002 for the 2001 taxes will
allow a Treasurer's Deed application in August of 2005. Any tax lien sale certificate
purchased prior to 2002 may be applied for immediately.
For further information contact the Treasurer's Office at
303-582-5222.
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