does anybody know about tax lien sales on mobile homes and how does this work???
You didn’t say where you are located, so here is how it works in Larimer County Colorado. Good Luck!
Tax Lien Sale for Mobile Homes
Delinquent mobile home taxes will be sold at the annual Tax Lien Sale conducted by the Treasurer. This year’s sale will be held November 15, 2006.
Once the tax is sold, a tax lien is placed against the mobile home.
The tax lien is recorded with the Larimer County Clerk and Recorder’s Office for public record.
Tax Liens:
A tax lien is sold on the mobile home; the mobile home itself is NOT sold.
All mobile homes have a one year redemption period unless the mobile home title and legal ownership of the land are in the same name.
Mobile homes on private land where land ownership and mobile home title are in the same name have a three year redemption period.
Redemption of Mobile Home Tax Liens:
The interest rate (established pursuant to C. R. S. 39-12-103) for 2004 tax year was 14%. This rate is established by adding nine percentage points to the federal discount rate as of September 1st and rounding to the nearest full percent.
Redemption interest accrues on delinquent taxes on a monthly basis; therefore, it is necessary to contact the Treasurer’s Office prior to making your payment. Please contact (970) 498-7020 for current figures.
ALL REDEMPTION PAYMENTS MUST BE MADE
BY CASH OR CERTIFIED FUNDS
Once the tax lien is redeemed, the Treasurer will issue a Redemption Certificate to the party who made payment. The Redemption Certificate cancels the tax lien. Since the Certificate validates the cancellation of the lien, this document should be retained in your permanent records.
If the Tax Lien is Not Redeemed:
The Treasurer will notify the owner of the mobile home and any lienholders 30 days prior to the expiration of the redemption period.
A Certificate of Ownership will be issued to the Lienholder possessing the Tax Lien upon expiration of the redemption period. The Certificate of Ownership may then be used to gain title to the mobile home.
One Response to “does anybody know about tax lien sales on mobile homes and how does this work???”
You didn’t say where you are located, so here is how it works in Larimer County Colorado. Good Luck!
Tax Lien Sale for Mobile Homes
Delinquent mobile home taxes will be sold at the annual Tax Lien Sale conducted by the Treasurer. This year’s sale will be held November 15, 2006.
Once the tax is sold, a tax lien is placed against the mobile home.
The tax lien is recorded with the Larimer County Clerk and Recorder’s Office for public record.
Tax Liens:
A tax lien is sold on the mobile home; the mobile home itself is NOT sold.
All mobile homes have a one year redemption period unless the mobile home title and legal ownership of the land are in the same name.
Mobile homes on private land where land ownership and mobile home title are in the same name have a three year redemption period.
Redemption of Mobile Home Tax Liens:
The interest rate (established pursuant to C. R. S. 39-12-103) for 2004 tax year was 14%. This rate is established by adding nine percentage points to the federal discount rate as of September 1st and rounding to the nearest full percent.
Redemption interest accrues on delinquent taxes on a monthly basis; therefore, it is necessary to contact the Treasurer’s Office prior to making your payment. Please contact (970) 498-7020 for current figures.
ALL REDEMPTION PAYMENTS MUST BE MADE
BY CASH OR CERTIFIED FUNDS
Once the tax lien is redeemed, the Treasurer will issue a Redemption Certificate to the party who made payment. The Redemption Certificate cancels the tax lien. Since the Certificate validates the cancellation of the lien, this document should be retained in your permanent records.
If the Tax Lien is Not Redeemed:
Comment made on July 15th, 2009 at 12:23 pmThe Treasurer will notify the owner of the mobile home and any lienholders 30 days prior to the expiration of the redemption period.
A Certificate of Ownership will be issued to the Lienholder possessing the Tax Lien upon expiration of the redemption period. The Certificate of Ownership may then be used to gain title to the mobile home.
References :
http://www.plansgetmoney.com
Leave a Comment