A person can have a copy of all the available current state liens on property in
Greenlee County and find out the approximate amount of money required to purchase
a C.P. (Certificate of Purchase) by submitting a personal check, cashiers check
or money order for $50.00 made payable to "Greenlee County Treasurer", for a copy
of all years the amount would be $150.00. We can send you the information via e-mail,
disk or hard copy. Liens are placed on the parcels for non-payment of real property
taxes. The liens available are those that were not purchased at the last February
C.P. Sale. The sale of these liens is a procedure set up by the State of Arizona
to assist the County Treasurers in the collection of real property taxes. This allows
counties, school districts and other taxing entities to receive funds for their
day to day operations. Some information you need to know:
- The interest rate for these liens is set at 16% simple interest prorated monthly.
- There is a non-refundable fee of $5.00 for each Certificate of Purchase.
- Your collateral for the lien is the property, if the property is poor so is your
lien. We advise you to look at the property; we will not refund your money.
- You are buying a lien, not the property. This lien does NOT give
you any right to be on the property or even talk to the property owner.
- Anyone proving "equitable interest" in the property can redeem the property before
it is deeded.
- When a property is redeemed we will notify you by mail and send you a check with
the amount due including interest and the amount we are reporting to the I.R.S.
- A lien holder can strengthen his position by paying "Subs", (Subsequent Taxes).
These are prior year taxes that have gone delinquent, but have not been delinquent
long enough to warrant a new C.P., (Certificate of Purchase), to be issued. These
"Subs", when paid, are attached to the latest C.P. owned. At that point that C.P.
cannot be redeemed without redeeming the attached "Subs". "Subs" can be purchased
between June 1st and January 31st and you must call our office to get the amounts.
- A "Quiet Title" action can be taken through the courts on any C.P. three years
after the date of the C.P. Sale. See a lawyer for more information on this procedure.
- This is not an investment like at a bank. You cannot cash it in or close your
account. When the property owner decides to redeem the lien you can get your money
back. Otherwise you will have to wait for the time periods to expire, go through
the deeding process and hope you can sell the property for more than your original
investment.
This inquiry is provided to give you information on purchasing a lien on delinquent
taxes only. Contact our office to confirm amounts before sending any money:
(928) 865-3422.