Colo. Rev. Stat. § 39-11.5-116

Current through 11/5/2024 election
Section 39-11.5-116 - Presentation of certificate of option for treasurer's deed for deed - fee - purchase by a local government
(1) The treasurer shall make out and deliver a deed for each lot, parcel, interest, or improvement for which a certificate of option for treasurer's deed was sold and which remains unredeemed on demand of:
(a) The purchaser or lawful holder of a certificate of option for Treasurer's deed issued pursuant to section 39-11.5-115; or
(b) The holder of an order issued by the board of county commissioners pursuant to subsection (3) of this section.
(2) The treasurer is entitled to a fee in an amount equal to the amount established in section 38-37-104 (1)(b)(IV) for:
(a) Each deed made and acknowledged by the treasurer pursuant to this section; and
(b) Each deed acknowledged by the treasurer pursuant to this section.
(3)
(a) If a certificate of option for treasurer's deed is lost or wrongfully withheld from the rightful owner and the property has not been redeemed, a claimant may file a claim with the treasurer.
(b) After reviewing a claim filed by a claimant pursuant to subsection (3)(a) of this section, the treasurer may issue an order stating that the certificate of option for treasurer's deed was lost or wrongfully withheld from the rightful owner. The treasurer shall deliver such an order to the claimant and file a copy of the certificate with the clerk and recorder.
(4)
(a) Whenever any certificate of option for treasurer's deed is bid on by or for a city, town, or city and county at a public auction, such city, town, or city and county is entitled to a deed, in the same manner as other purchasers at such public auctions.
(b) The treasurer of a county, city, town, or city and county that purchases a certificate of option for treasurer's deed at a public auction may assign and deliver the resulting deed. In so doing, the treasurer shall charge an amount equal to the combination of:
(I) The amount paid at the public auction by the county, city, town, or city and county;
(II) Any interest and costs that accrued on the amount paid at the public auction by the county, city, town, or city and county; and
(III) Any fee amount determined by the board of county commissioners or other board authorized to perform the duties of a board of county commissioners.

C.R.S. § 39-11.5-116

Added by 2024 Ch. 165,§ 5, eff. 7/1/2024.