How are foreclosure sales considered?
There are two parts to foreclosures:
  1. The first is when the lender acquires the property due to the property owner defaulting on their mortgage. This is not a sale. An outside bidder can also acquire the property by bidding higher than the lender at the foreclosure proceedings. This is also not considered a valid or qualified sale for the assessor’s records.
    Foreclosures represent the transfer of the property ownership to the lender due to loan default. This transaction does not give evidence of market value. Rather, it represents the amount of the lien, interests and costs due to the lender, or else the amount the lender is willing to settle for, which may not be the entire property value. In some cases, the lien amount may be more than the value of the property. These transactions are not sales and are excluded from the Assessor's analysis.
  2. Resale of foreclosure properties occurs when the lending institution who has acquired the property through foreclosure, places the property on the open market for sale.

Resale of foreclosed properties are only considered valid and qualified for the assessor’s records if they meet the state requirements: property listed on the open market for a reasonable time period, sale not between related parties, etc. Unless the condition of the property at the time of sale indicates otherwise, these sales are deemed to be arm's length transactions and are used by the Assessor in the valuation process.

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1. What does my county assessor do?
2. Why is property taxed in Colorado?
3. How is my property value determined?
4. Do all assessments or values change at the same rate?
5. How can my assessment or value change when I haven't done anything to my property?
6. What are the factors used in determining value?
7. What is a "sales study period?"
8. Why is the sales price adjusted for some sales?
9. What is time trending and why is it necessary?
10. What is an "arm's length transaction"?
11. If my property value has increased, will my property taxes go up?
12. How do I estimate taxes on a new house?
13. How do I estimate taxes on vacant land?
14. Why is vacant land and commercial assessed at 29%, and residential at 7.96%?
15. Who sets the tax rate or mill levy?
16. How does the TABOR Amendment affect my valuation?
17. How are foreclosure sales considered?
18. How can I verify the value on my property?
19. If I bought my house within the last two years, shouldn’t the value be the same as what I paid for it?
20. How is actual square footage determined?
21. My house wasn’t complete on January 1. How was it valued?
22. My property doesn't compare to the expensive home down the street that just sold. Are you valuing my property based on that property?
23. My Notice of Valuation shows land value and improvement value, but I didn’t make any improvements. Why did my value increase when I have not done anything to improve my property?
24. How can I determine if the appraisal of my home is accurate?
25. If I disagree with the Assessor’s valuation of my property, what should I do?
26. What happens after I appeal?
27. Is the month of May the only time I can appeal a valuation?
28. What's the taxpayers responsibility in filing an appeal?
29. Who pays the taxes due on property I sold or purchased?
30. How do I change my address?
31. How do I change my name or add a name, or take a name off the ownership of my property?
32. What is the difference between a quitclaim deed and a warranty deed?
33. How do I change title on my property?
34. How can I correct the acreage on my property description?