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 ahead of time before you bid!!

ALL SALES ARE FINAL!

This guide has been established as an educational tool for residents. It is not intended to act as legal guidance

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

By law, lending institutions that intend to offer residential or commercial property at a foreclosure sale should submit a written bid to the general public Trustee no behind 12 noon 2 (2) service 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 arranged sale date) to discover out what the lender's minimum bid will be at the sale (the quotes may change or be pulled 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 figure out if a quote has been sent on a particular residential or commercial property by either of the following methods:

• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested 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 readily available for viewing by selecting the View Documents link under Residential or commercial property Details.

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

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

You can figure out 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 outcome. 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 arranged 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 know that this is a legal action set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we welcome you to remain and observe the procedures.


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

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

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

The effective bidder needs to provide certified funds in the amount of the quote to the general public Trustee workplace 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 details. In case the very first successful bidder defaults on the quote, the subsequent bidders will be called by our workplace. You will have extra 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 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 * during their appropriate redemption time. If redemption takes place, the Certificate of Purchase holder is paid the bid quantity plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other related expenditures permitted by Colorado law are costs to "protect 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 file an intent to redeem.

The Certificate of Purchase holder will have 5 company 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 periods 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 offered 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 invoice of all statutory costs and expenses, the Public Trustee will execute and tape-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 validating 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 examine the sale policy prior to presence at the sale for details relating to techniques of payment, necessary 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 want to understand what a residential or commercial property offered for at auction, you can utilize the Foreclosure Residential or commercial property Search function to take a look at each file that went to sale. You can likewise browse the residential or commercial properties that went to sale every week by utilizing the Foreclosure Residential or commercial property Search function utilizing the Sold Date Range Field and getting in the sale date into both fields. The Public Trustee has utilized all affordable efforts to guarantee that the pages and other details on this website do not include any inaccurate or out-of-date information; nevertheless, we can make no assurance or warranties about the accuracy or timeliness of the information. If you believe any material consisted of in this website is inaccurate, please call 970-870-5555.