Legal Question in Real Estate Law in Colorado
Abandon Undeveloped Land
I am the personal representative for my father's estate. He owned a small undeveloped lot in Colorado. It appears to be worthless. What are the ramifications of abandoning the property? Not paying taxes. What options do I have?
Asked on 5/29/07, 10:06 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Abandon Undeveloped Land
If the property is "abandoned", and the taxes assessed are not paid, it will likely be subject to a tax sale
and sold to the highest bidder at auction.
Answered on 5/30/07, 8:37 am