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 people. It is not meant to work as legal suggestions

It is your duty to do the research before pertaining to 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 know if the taxes have actually been paid or if there are other liens versus the residential or commercial property.

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

Talk to the Public Trustee's office after 3:00 p.m. on Tuesday (the day before the scheduled sale date) to learn what the loan provider's minimum bid will be at the sale (the quotes might change or be brought up till 10:00 a.m. the day of sale). You can likewise log onto our Website to acquire the existing Pre-sale list.

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

• Click here for the Foreclosure Residential Or Commercial Property Search: Look For the residential or commercial property you have an interest in purchasing. You will be able to see the foreclosure records on each residential or commercial property in foreclosure. Click the Sale Information tab for the holder's preliminary bid. The quote will be available for seeing by picking the View Documents link under Residential or commercial property Details.

• Click here the Foreclosure Reports: Click the Pre Sale List to view all the residential or commercial properties going to sale and the opening bid submitted by the lending institution. This list is published to our site on Monday afternoon and upgraded if necessary.

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

You can figure out the 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 are interested in acquiring. Use just one search requirements 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 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 understand that this is a legal case set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we welcome you to stay and observe the procedures.
All bidders, except the foreclosing lender, need to exist at the sale.

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

Please quote in the specific name of the person in which the Certificate of Purchase is to be released.
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The successful bidder should present certified funds in the quantity of the quote to the general public Trustee workplace by 2:00 p.m. the day of the sale.

If you are the first, 2nd or third highest bidder, please offer the general public Trustee with your bidder contact information. In case the first successful bidder defaults on the quote, the subsequent bidders will be called by our workplace. You will have additional time to provide the funds to the 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 an actual 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 period.

Each sale can be redeemed by junior lien holders * during their proper redemption time. If redemption takes place, the Certificate of Purchase holder is paid the quote amount plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other associated expenses allowed by Colorado law are expenses to "safeguard and protect" the residential or commercial property.

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

The Certificate of Purchase holder will have 5 service days to provide figures (total of 13 organization days after the date of sale).

TITLE TO THE OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption durations enabled to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the eighth company 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 periods.

Upon receipt of all statutory charges and costs, the general public Trustee will carry out and record a Verification Deed to the holder of the Certificate of Purchase or, in the case of redemption, to the holder of the last Certificate of Redemption confirming 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 examine the sale policy prior to participation at the sale for details regarding approaches of payment, necessary kinds and when those forms 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 desire to understand what a residential or commercial property sold for at auction, you can utilize 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 every week by using the Foreclosure Residential or commercial property Search function utilizing the Sold Date Range Field and going into the sale date into both fields. The General Public Trustee has actually utilized all reasonable efforts to ensure that the pages and other details on this site do not contain any incorrect or out-of-date info