The general 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 educational tool for citizens. It is not planned to act as legal advice

It is your obligation to do the research study before concerning the sale. The General 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 actually been paid or if there are other liens against the residential or commercial property.

By law, loan providers that intend to sell residential or commercial property at a foreclosure sale need to send a written bid to the general public Trustee no behind 12 noon 2 (2) service days prior to the scheduled date of sale.

Contact the general public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the arranged sale date) to learn what the loan provider's minimum bid will be at the sale (the quotes might change or be brought up until 10:00 a.m. the day of sale). You can also log onto our Website to get the present Pre-sale list.

You can determine if a bid has been sent on a particular residential or commercial property by either of the following methods:

• Click here for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you have an interest in acquiring. You will have the ability to view the foreclosure records on each residential or commercial property in foreclosure. Click on the Sale Information tab for the holder's preliminary quote. The quote will be available for viewing by choosing 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 quote sent by the lending institution. This list is submitted to our site on Monday afternoon and updated if essential.

If a bid has not been sent, the sale date may be continued.

You can determine the brand-new sale date by either of the following techniques:

• Select the Foreclosure Residential or commercial property Search to find the residential or commercial property you have an interest in buying. Use only one search criteria to get the very best search engine result. The rescheduled sale date will be revealed if you pick 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 been continued.

SALE INSTRUCTIONS:

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

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


All bidders, other than the foreclosing lender, should be present at the sale.

Please listen thoroughly to the Public Trustee's guidelines at the beginning of the sale.

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

The successful bidder must provide licensed funds in the amount of the bid to the Public Trustee office by 2:00 p.m. the day of the sale.

If you are the very first, 2nd or third greatest bidder, please supply the general public Trustee with your bidder contact details. In case the very first effective bidder defaults on the bid, the subsequent bidders will be contacted by our office. You will have extra time to offer the funds to the general public Trustee.

YOU SHOULD KNOW:

You, as the effective 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 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 * during their suitable redemption time. If redemption happens, the Certificate of Purchase holder is paid the bid amount plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other associated expenditures permitted by Colorado law are costs to "secure and secure" the residential or commercial property.

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

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

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption periods allowed to all lienors entitled to redeem or, if there are no intents to redeem filed, upon the close of the eighth business day after the sale, title to the residential or commercial property sold will vest in the holder of the Certificate of Purchase. In the case of a lienor redemption title vests with the holder of the last Certificate of Redemption at the end of all redemption durations.

Upon receipt of all statutory costs and expenses, the general public Trustee will carry out and record a Confirmation Deed to the holder of the Certificate of Purchase or, when it comes to 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 Public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are motivated to evaluate the sale policy prior to attendance at the sale for info concerning methods of payment, necessary kinds and when those types are due.

• Sale Policy: Foreclosure Sale Policy (PDF)

• Bidder Registration Forms: (PDF)

• Incoming Wire Transfers Information (PDF)

We publish a Post Sale List on the following week. If you need to know what a residential or commercial property cost 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 browse the residential or commercial properties that went to sale weekly by using 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 ensure that the pages and other information on this website do not include any incorrect or obsolete info; however, we can make no assurance or guarantees about the precision or timeliness of the data. If you believe any product consisted of in this web page is unreliable, please call 970-870-5555.