Colorado - Priority of Tax Lien vs Deed of Trust

[Kevin S.]

A while back I purchased a Colorado tax lien property from another investor and noticed that there is a deed of trust listed on the O&E report. If in a few months time that it goes unredeemed and I end up owning the property, what would the priority of the deed of trust vs tax lien be in terms of legally owning the property? For what its worth, I also found out that the property owner filed for bankruptcy and their case wrapped up in December 2016.

[Josh Carr]

@Kevin S. If you have reached the maturity of the lien where you can file for a tax deed the other parties of interest will be notified first and will have the right to redeem your purchase and any other tax liens on the property prior to the tax deed going into your name.  It's part of the process of getting them transferred to your name.  Anyone on the title will have first right of refusal prior to you taking acquisition.  Once the deed is in your name you can do the quiet title and secure your property with title insurance if it's worth it to you.