Property bonds refer to ‘real property’. Real property is defined as real estate (buildings and land). Property bonds are posted in the Denver County Court Bonding Office located at 490 W. Colfax Avenue in the Van Cise-Simonet Detention Center. The phone number to the bonding office is: 720-337-0062.
Property bonds are not processed by the Denver Sheriff’s Department. Property bonds are posted at the Denver County Court Bonding Office by appointment only. You may schedule your appointment by calling the bonding office at 720-337-0062 or by email.
PROPERTY BOND REQUIREMENTS
- Schedule an appointment with the Bonding Office (720-337-0062 or email) for the posting of a property bond.
- On occasion there may be a restriction that does not allow for a property bond. Verify with the Bonding Office that a property bond may be posted.
- Property must be real property (buildings and land). Vehicles, mobile homes, possessions, etc. do not qualify to post a property bond.
- The real property (buildings and land) must be located in the State of Colorado.
- All parties whose names appear on the Deed as owners must be present. A Power of Attorney in lieu of personal appearance or a death certificate will be reviewed and accepted on a case-by-case basis.
- Mortgage statement showing current loan balance for any and all liens.
- If property is free and clear, it is necessary to provide the Warranty Deed, Quit Claim Deed or recorded Release of Deed of Trust.
- Current notice of valuation by the County Assessor, or the prior year’s property tax statement.
- If the property is located in Denver County, you may contact the Assessor’s Office in the Webb Municipal Office Building, 201 W. Colfax Avenue, 720-913-4162, or search the property at www.denvergov.org/assessor. For all other counties, you will need to refer to the telephone directory to obtain contact information for the assessor’s office for that specific county.
- An original Ownership and Encumbrance report (O & E report) or Mortgage Guarantee report. This report can be obtained through the title company of your choice. Faxed copies are not accepted.
- Valid photo identification for all property owners.
- Equity is based on the property value minus any amount owed on the property.
- Unencumbered equity must be one and one-half (1.5) times the amount of the bond(s). If the property does not have sufficient equity, it cannot be used as a property bond.
- You are encouraged to calculate your available equity before purchasing the O & E report; as the cost is non-refundable.
All fees are non-refundable.
First Deed of Trust (1st page) recording fee
Each additional page
Please feel free to contact a Title Company of your choosing. However, the company must ensure the report(s) meet the listed criteria for an acceptable Ownership & Encumbrance report.
Ownership & Encumbrance report/Mortgage Guarantees must contain:
- Property Address (Colorado properties only)
- Legal description of property
- Actual/Assessed valuation (per County Assessor)
- Copies of recorded warranty deeds (documentation of all previous owners)
- Owners name(s)
- Liens (including, but not limited to: bankruptcies, bonds, judgments and notice of seizures)
- Original signature of individual preparing report (faxed reports will not be accepted)
- Date report was prepared (report is only valid for 30 days from the date of preparation)