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Updated about 6 years ago,
Colorado Tax Liens - Why bother filing for treasurers deed?
So I have been deep diving into Colorado Tax Liens last 4 months. I understand you can begin the process to receive the treasurers deed at 2.5 years and in theory (excessively unlikely) receive the deed in 3 years time. I have read all the Colorado statues and annotations, and can't find anything suggesting I can't keep endorsing/let interest accrue past the 3 years time.
So my question is, if your tax lien is a small percentage of property value, why would you bother to start the redemption process and most likely get your capital back? It seems continuing to endorse/accruing interest would be the approach if I want the interest. Anyone familiar with any reasons/cases/laws of why this would not make sense?
https://leg.colorado.gov/laws Title 39 Article 11/12