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 beforehand before you bid!!

ALL SALES ARE FINAL!

This guide has actually been developed as an educational tool for citizens. It is not planned to function as legal advice

It is your responsibility 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 Public Trustee does not know if the taxes have been paid or if there are other liens against the residential or commercial property.

By law, lending institutions that intend to offer residential or commercial property at a foreclosure sale must send a written bid to the general public Trustee no behind 12 noon 2 (2) business days prior to the scheduled date of sale.

Consult the general public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the arranged sale date) to learn what the lender's minimum bid will be at the sale (the quotes may change or be pulled up till 10:00 a.m. the day of sale). You can also log onto our Website to acquire the present Pre-sale list.

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

• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you have an interest in buying. 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 bid. The bid will be offered for viewing by choosing the View Documents connect under Residential or commercial property Details.

• Click on this link the Foreclosure Reports: Click the Pre Sale List to view all the residential or commercial properties going to sale and the opening bid sent by the lending institution. This list is uploaded to our website on Monday afternoon and upgraded if necessary.

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

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

• Select the Foreclosure Residential or commercial property Search to find the residential or commercial property you have an interest in acquiring. Use just one search criteria to get the finest search results page. The rescheduled sale date will be shown 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 set up sale date has 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 understand that this is a legal proceeding set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we invite you to remain and observe the proceedings.


All bidders, other than the foreclosing loan provider, must exist at the sale.

Please listen carefully to the general public Trustee's directions at the beginning of the sale.

Please bid in the exact name of the individual in which the Certificate of Purchase is to be released.

The successful bidder must present qualified funds in the quantity of the bid to the general public Trustee office by 2:00 p.m. the day of the sale.

If you are the very first, second or third highest bidder, please offer the Public Trustee with your bidder contact info. In case the very first successful bidder defaults on the quote, the subsequent bidders will be called by our workplace. 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 an actual copy of the Certificate of Purchase (CP). The CP will be held by the Public Trustee and taped with the Routt County Clerk and Recorder. There is no longer an owner redemption period.

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 bid amount plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related costs allowed by Colorado law are costs to "protect and protect" 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 provide figures (overall of 13 company days after the date of sale).

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption durations permitted to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the eighth service day after the sale, title to the residential or commercial property sold shall 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 fees and expenses, the Public Trustee will carry out 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 office of the general public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are encouraged to review the sale policy prior to participation at the sale for details regarding approaches of payment, required types and when those kinds 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 offered 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 browse the residential or commercial properties that went to sale every 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 Public Trustee has actually used all affordable efforts to ensure that the pages and other info on this website do not contain any unreliable or obsolete info; nevertheless, we can make no warranty or warranties about the accuracy or timeliness of the data. If you believe any material contained in this web page is incorrect, please call 970-870-5555.