Tax Lien Information/FAQ

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Tax Lien Auction

You are not purchasing property but a tax lien against the property in the amount of your investment. Your Certificate of Purchase will entitle you to make subsequent payments of delinquent taxes which will be added to your initial investment and continue to draw interest until such time as the tax lien is redeemed or a foreclosure action results. You are advised to investigate, prior to purchasing, to determine whether the property would be of sufficient use or value to you should you be fortunate or unfortunate enough to be in a position to obtain a deed at some future date. You should be aware that the property to which you ultimately obtain a deed may be contaminated by toxic matter, subjecting you to costly cleanup or fines. Deeds are obtained at your own risk.

In the event the Board of Supervisors, by resolution, cancels a property or corrects the valuation or classification of a property retroactively, you may not receive the anticipated interest. The tax lien which you wish to purchase may be unavailable due to an existing stay order from Bankruptcy Court.

In the event of bankruptcy proceedings subsequent to the sale of the lien, there is no guarantee that the purchaser of the tax lien will receive the anticipated interest or any interest whatsoever, which determination will be made by the United States Bankruptcy Court.

If it is determined that the tax lien for which you have submitted payment is unavailable for any reason, your payment will be refunded to you without interest.

Although every effort is made to handle all transactions expeditiously, it is possible that processing of refunds or redemptions may take one month or longer, during which time you will not earn interest.

While under no obligation to do so, the treasurer makes an effort to advise you of circumstances which may interfere with the receipt of your anticipated interest. However, the foregoing is not all inclusive as new situations are continuously arising.

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 Research and Purchase Procedures

In the event a parcel has been split out from another parcel that has delinquent taxes, there may be tax liens that are prior and superior to the one you are purchasing. You are advised to research such genealogy and tax status prior to purchasing.

Due to the renumbering of properties by the Yuma County Assessor, the same legal description may have different parcel numbers for different tax years. You are advised to research the genealogy of a property prior to purchasing in order to buy all delinquent taxes under all numbers for that property.

In order that Yuma County may report interest received by certificate holders in accordance with Internal Revenue Service regulations, this office is required by the I.R.S. to obtain the tax identification number of the purchaser at the time of purchase of the tax lien. Processing of your certificate will not begin until a proper W-9 is received.

1. All research must be done by you. Please do not call or ask a cashier for amounts or status of taxes.

2. Property information may be found at  http://treasurer.yumacountyaz.gov/treasurer/treasurerweb

3. Your name, as you want it to appear on your certificate, your address, phone number and tax I.D. number (SSN) must be on the list of parcel numbers you submit for purchase.

4. The lien bears interest at the bid rate from the first day of the month following the purchase of the tax lien.

5. No tax liens will be sold in the months of February (except for the main tax sale) and October, or during the dates of November 1-8, and April 23- May 8.

6. You may add the current year’s taxes to your certificate on or after June 1st of the following year. There is an endorsement fee of $5.00 for each certificate

7. There is a non-refundable and non-interest bearing $10 fee charged per lien.

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Pre-sale Requirements for the Auction

Prior to bidding, all bidders MUST provide the Treasurer's Office with a complete W-9 and Bidder Information Form. These forms may be obtained at the auction prior to 9:00 a.m. All research on parcels must be completed.

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Bid Procedures for the Auction

Each bidder will be assigned a number for use during the bidding process. In offering these liens for sale, the parcel number and the amount shall be read in the order they appear in the newspaper or website.

Vocal bids will be recognized by calling the lowest interest rate you will accept. ALL SALES ARE FINAL!

The successful bidder will pay the entire amount of taxes, interest, fees and amounts necessary to redeem any prior liens with guaranteed funds by 12:00 p.m. of the next day.

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Bid Interest for the Auction

Bids must be on the basis of interest income to bidder.

1. The maximum bid is 16% simple interest per annum prorated monthly. The lowest acceptable bid is 0% per annum.

2. The successful (lowest) bid will determine the rate of interest to be paid on the Certificate of Purchase lien (CP), representing the amount of taxes, interest, fees and charges then due.

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Redemption of Liens

If the owner redeems the Certificate of Purchase (CP) on the property, the investor receives his money back plus interest at the rate he bid at the sale. Interest starts accruing on the first day of the following month.

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Deeds

Our office is not involved in the deeding process. Please do not ask the clerks for Legal advise.

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Assignments

Assignments offer the investor an alternative way to purchase liens on parcels at a time other then the tax lien sale. Please see the current list here

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Endorsements

Subsequent taxes can be added to an existing lien to protect the CP holder's fiduciary interest. The endorsement of the current year taxes on existing Certificates of Purchase begins June 1.  The endorsement will consist of taxes, interest, fees and charges dependent on the date the taxes are being paid. There is an additional $5.00 fee for each Certificate of Purchase submitted for the endorsement to be applied for each year requested.

To pay the endorsement the CP holder must submit the current year tax amount including penalty and fee with a Cashier's Check, Money Order, or Certified Check.

If the payment is in excess of the amount due, a refund will be issued.

The interest earned on an endorsement is at the same rate as that of the original Certificate of Purchase.

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Tax Lien Expiration

If a tax lien is not redeemed and the purchaser or purchaser's heirs or assigns fails to commence an action to foreclosure on or before ten years from the date of purchase, the certificate of purchase will expire and the lien is void. ARS 42-18208 and 42-18127.

 

1. What is the date, time and location of your tax lien sale?

Date: February 26, 2019.
Time: Sign In at 8:00 a.m., Auction at 9:00 a.m.
Location: Yuma County Board of Supervisor's Auditorium. 198 S. Main Street, Yuma, Arizona 

2. How often do you hold tax lien sales?

Once a year.

3. Does your county hold a tax deeded property sale?

Yes. The Board of Supervisors are responsible for holding this sale. For more information contact Dunia Federico at (928) 373-1010 or visit www.yumacountyaz.gov/admin

4. When and where will the tax lien sale list be advertised?

When: February 6, 2019.
Where: The Sun 2055 S. Arizona Ave. Yuma, AZ 85364 (928) 783-3333 MUST HAVE ADVERTISEMENT DATE BEFORE CALLING FOR A LIST

Or visit our list at : Delinquent Tax Listing 

5. How and when do I register for the tax sale?

Bidder form & W-9

You may also obtain a "Bidder Form" and W9 at the counter the day of the sale.

6. What are the payment requirements at the sale? Is there a deposit required before the sale?

Cashier's check, money order, cash or direct wire are the methods of payments we accept. We do not require any deposit.

7. What is the bidding process?

The bidding is on the interest percentage rate that you would earn on your initial investment starting at 16% per year and bidding down from that rate.

8. What type of document is issued at the sale?

After the tax lien sale is over you will receive a Bid Report with a list of parcel numbers you purchased and amounts due.

9. Are there any other expenses in addition to the cost of the lien?

We charge a $10.00 Non-refundable processing fee for each year, which is included in the cost of the lien but does not earn interest.

10. What is the foreclosure process and will the county handle the foreclosure process for a fee?

Our office is not involved in the foreclosure process as per A.R.S. 42-18251.

11. What happens to the liens that are not sold at the tax lien auction? Can they be purchased over-the-counter directly from the county? Can I purchase them now?

They can be purchased at any time over the counter except for February, October, Nov 1-8 and April 23-May 8.

12. Do you allow investors to invest in tax lien certificates without attending the auction via mail or telephone or fax? Can I send a representative to the sale to bid for me?

You must be present at the auction in order to purchase from the auction. A representative can bid for you at the auction but, must have a completed W-9 Form. We do sell tax liens by mail, telephone or fax during the year as listed above in question 11.

13. Would you please send me a current list of tax lien certificates available and place me on your mailing list if you have one. If there is a charge for the list please notify me and I will be happy to send the proper fee.

A hard copy of the list is $150. It must be paid for in advance by cashier's check or money order before we will mail it out. The list includes a parcel number, the owner's name and the approximate amount of tax due on the property and the site's address if applicable. You may get the list for FREE on our web site at: Delinquent Tax Listing

14. Would you please forward me a copy of the statutes regarding tax sales in your jurisdiction?

If you need further information, the Arizona Revised Statutes can be found at www.azleg.state.az.us . The link to the statutes is in the upper right hand corner of the homepage.

15. Do Tax Liens expire?

Tax liens do expire after ten years pursuant to A.R.S. 42-18208.

The accuracy of the information contained here is not guaranteed for legal purposes. Alterations may occur on a regular basis. To get the most recent information available please contact the County Treasurer's Office.

 

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