Prepare Beforehand Before You Bid!

The Public Trustee schedules sales of residential or commercial properties in foreclosure on Wednesdays at 10 a.m. at the Treasurers' Office at the Old Routt County Courthouse 522 Lincoln Avenue Steamboat Springs, CO 80487


Prepare in advance before you bid!!


ALL SALES ARE FINAL!


This guide has been established as an informative tool for residents. It is not meant to serve as legal advice


It is your responsibility to do the research before coming to the sale. The Public Trustee does not guarantee that the deed being foreclosed is a very first lien. The General Public Trustee does not understand if the taxes have been paid or if there are other liens versus the residential or commercial property.


By law, loan providers that intend to sell residential or commercial property at a foreclosure sale should submit a composed quote to the Public Trustee no behind 12 noon 2 (2) company days prior to the scheduled date of sale.


Check with the general public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the arranged sale date) to discover what the lending institution's minimum bid will be at the sale (the quotes may alter or be pulled up until 10:00 a.m. the day of sale). You can likewise log onto our Website to obtain the current Pre-sale list.


You can identify if a quote has been submitted on a specific residential or commercial property by either of the following approaches:


• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested in purchasing. You will be able to view the foreclosure records on each residential or commercial property in foreclosure. Click the Sale Information tab for the holder's initial quote. The bid will be readily available for seeing by picking the View Documents connect under Residential or commercial property Details.


• Click on this link the Foreclosure Reports: Click on the Pre Sale List to see all the residential or commercial properties going to sale and the opening bid submitted by the lender. This list is submitted to our website on Monday afternoon and updated if necessary.


If a quote has actually not been submitted, the sale date may be continued.


You can figure out the new sale date by either of the following methods:


• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you have an interest in acquiring. Use just one search criteria to get the very best search outcome. The rescheduled sale date will be shown if you choose the Basics link under Residential or commercial property Details


• Select the Foreclosure Reports on the Pre Sale Continuance List to see all files on which the scheduled sale date has actually been continued.


SALE INSTRUCTIONS:


Public Trustee foreclosure sales are hung on Wednesdays at 10 a.m. at the Treasurers' Office at the Old Routt County Courthouse 522 Lincoln Avenue Steamboat Springs, CO 80487


- Please be conscious that this is a legal proceeding set for 10:00 a.m. and the sale will not be postponed. If you are unprepared at that time, we invite you to stay and observe the procedures.


All bidders, except the foreclosing loan provider, must be present at the sale.


Please listen carefully to the general public Trustee's instructions at the start of the sale.


Please quote in the specific name of the person in which the Certificate of Purchase is to be released.


The successful bidder must present qualified funds in the amount of the quote to the Public Trustee workplace by 2:00 p.m. the day of the sale.


If you are the very first, 2nd or third greatest bidder, please provide the general public Trustee with your bidder contact info. In case the first effective bidder defaults on the quote, the subsequent bidders will be gotten in touch with by our office. You will have additional time to supply the funds to the general public Trustee.


YOU SHOULD KNOW:


You, as the successful bidder and the holder of the Certificate of Purchase, have NO IMMEDIATE RIGHT OF ACCESS to the residential or commercial property. You will no longer get a real copy of the Certificate of Purchase (CP). The CP will be held by the Public Trustee and tape-recorded with the Routt County Clerk and Recorder. There is no longer an owner redemption duration.


Each sale can be redeemed by junior lien holders * throughout their suitable redemption time. If redemption takes place, the Certificate of Purchase holder is paid the quote quantity plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other related expenditures enabled by Colorado law are expenses to "safeguard and secure" the residential or commercial property.


* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 organization days from the date of sale to submit an intent to redeem.


The Certificate of Purchase holder will have 5 business days to offer figures (overall of 13 business days after the date of sale).


TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:


Upon the expiration of all redemption durations allowed to all lienors entitled to redeem or, if there are no intents to redeem filed, upon the close of the 8th business day after the sale, title to the residential or commercial property offered shall vest in the holder of the Certificate of Purchase. When it comes to a lienor redemption title vests with the holder of the last Certificate of Redemption at the end of all redemption periods.


Upon receipt of all statutory fees and expenses, the general public Trustee will execute and record a Confirmation Deed to the holder of the Certificate of Purchase or, in the case of redemption, to the holder of the last Certificate of Redemption verifying the transfer of title to the residential or commercial property


The workplace of the general public Trustee has a written policy relating to the conduct of a foreclosure sale.


You are encouraged to review the sale policy prior to attendance at the sale for details relating to methods of payment, required kinds and when those forms are due.


• Sale Policy: Foreclosure Sale Policy (PDF)


• Bidder Registration Forms: (PDF)


• Incoming Wire Transfers Information (PDF)


We post a Post Sale List on the following week. If you wish to know what a residential or sold for at auction, you can use the Foreclosure Residential or commercial property Search function to look at each file that went to sale. You can also search the residential or commercial properties that went to sale each week by utilizing the Foreclosure Residential or commercial property Search function using the Sold Date Range Field and entering the sale date into both fields. The General Public Trustee has used all sensible efforts to guarantee that the pages and other info on this website do not consist of any unreliable or obsolete information; however, we can make no assurance or guarantees about the accuracy or timeliness of the information. If you think any product contained in this website is unreliable, please call 970-870-5555.