David - Good question! There are tax sales for non-payment of real estate tax. I can provide you with additional information if you would like. The El Paso County Public Trustee has the responsiblity to sell properties that are deficient in tax payments as well as those that are in foreclosure. Purchasing foreclosed properties in Colorado Springs can be lucrative but tricky. I can also provide you with information in that area as well. A lot of it comes down to what your goals are, how much you have to spend, if you have access to hard money or have adequate cash on hand to make a purchase, etc. Visit my website for more information and for my contact info if you'd like to dialogue further about this area. Good Luck!

I have actually written a Blog about tax sales in Colorado feel free to visit it at http://www.sandrajeter.com
I hope this will be of help to you and please feel free to e-mail me any questions you might have.

Your question/statement doesn't provide many details, so I'll give it a shot:

Every state has different laws in regards to tax foreclosures and owners rights of redemption or lien holders rights. In CO if the owner is still in the property and/or there are other liens you could hold the tax lien (b/c you bought it) for years before you get possession and/or paid. If you get paid at all.

I would advise you to have an attorney review the title and understand your rights as the owner of the tax lien. I know of an investor who buys tax liens and then holds on to them (years) as an investment in order to reap a return. Seems risky to me unless you have thoroughly calculated all the risk.

Susan Walker