C.R.S. § 39-11.5-106: Property owner redemption procedure.

(1) (a) A property owner is entitled to redeem a property if, no later than seven calendar days prior to the currently scheduled public auction date, the property owner files an intent to redeem the property with the treasurer.

(b) If a property owner is deceased or incapacitated on or after the date and time of the recording of the application for treasurer's deed, the property owner's heirs, personal representative, legal guardian, or conservator, whether or not that person's interest is shown in the records, upon providing satisfactory proof to a treasurer, may file an intent to redeem and or redeem the certificate of purchase as provided in this section.

(2) (a) No later than three business days following the timely filing of an intent to redeem, the treasurer shall provide a redemption statement to a property owner pursuant to this section in a statement specifying the amount, itemized and in substantially the same form as a bid pursuant to section 39-11.5-107.

(b) A fee not exceeding twenty-five dollars may be charged to a property owner for filing an intent to redeem or requesting an updated redemption statement under this section.

(3) (a) A redemption statement is effective for ten business days or until noon the day before the currently scheduled public auction date, whichever occurs first.

(b) A property owner may redeem a property at any time before the expiration of a redemption statement by paying the treasurer, by the method of payment specified by the treasurer, the amount required to redeem as specified in subsection (2) of this section.

(c) Upon receipt of the redemption payment, the treasurer shall notify the lawful holder of the redemption and execute a withdrawal of the application for treasurer's deed pursuant to section 39-11.5-111 (3).

(d) No later than the tenth business day after receiving the redemption payment, the treasurer shall record the withdrawal of the application for treasurer's deed along with the certificate of redemption in the county records.

(e) The treasurer shall disburse all redemption proceeds to the persons entitled to receive them.

(4) No more than ten business days after receiving the redemption payment, the treasurer shall record a certificate of redemption pursuant to this subsection (4) if a certificate of purchase or tax lien was recorded separately at the time of the tax lien sale.

(5) All fees and costs of the treasurer for actions performed under this section and the cost of recording the certificate of redemption and withdrawal of the application of public auction are part of the treasurer's costs for purposes of this article 11.5.

(6) If an aggrieved person contests the amount set forth in the redemption statement prepared by the treasurer pursuant to subsection (2) of this section and a court determines that the treasurer made a material misstatement in the redemption statement with respect to the amount due and owing to the lawful holder, the court shall, in addition to other relief, award to the aggrieved person the aggrieved person's court costs and reasonable attorney fees and costs.

(7) (a) A property owner shall redeem the entire property. No partial redemption shall be permitted under this section.

(b) The priority of liens other than the tax lien for purposes of this section must be determined without consideration of the fact that another lien relates to only a portion of the property or to a partial interest therein.

(8) Following expiration of the period for which the redemption statement is effective, but no less than seven calendar days prior to the date of the public auction, the property owner may make a written request to the treasurer for an update of the amount necessary to redeem. Upon receipt by the treasurer of a written request for updated redemption figures, subsection (3) of this section applies.