property tax sale

Colorado
Hello. Is it not true that when you purchase a property through a property tax sale anywhere in the US that you are actually only purchasing an equity interest in the property which amounts to nothing more than color of title and not a full and clear title? Is it also true that in order to obtain full and clear title, you must go back to the owner of the property at the time of the tax sale or his heirs/assigns and negotiate the purchase of the title?

Thank you.

C Deitchman

[HomeGuru]

Not true on both counts.

There are precedents set regarding color of title and what it does to the rights of property ownership.

Take the case of U.S. vs Beggerly. June 8, 1998.
Cite record 97-731. They lost, won, lost and appealed and the case wound up in the supreme court where it was finally settled with a written decision from Chief Justice Rehnquist for the following 2 reasons:

They signed a consent agreement in which the statute of limitation had expired.

They did not hold a clear chain of title due to the fact they had purchased the property at a property tax sale. What they had was "color of title".

When you buy a property at a tax sale, you are not buying the property itself, you are buying the tax lien.

I invite comments...thank you.

[HomeGuru]

I am familar with this case and it does not apply in all situations.

Please be more specific..you leave way too much open to ponder. Cite cases or specifics. Otherwise your opinion floats like water and does not apply to the real world.

Thank you.