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 ahead of time before you bid!!

ALL SALES ARE FINAL!

This guide has been developed as an informational tool for people. It is not intended to work as legal advice

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

By law, lending institutions that mean to sell residential or commercial property at a foreclosure sale should send a written quote to the Public Trustee no behind 12 midday 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 set up sale date) to learn what the lending institution's minimum bid will be at the sale (the bids might change or be pulled up till 10:00 a.m. the day of sale). You can likewise log onto our Website to get the present Pre-sale list.

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

• Click here 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 see the foreclosure records on each residential or commercial property in foreclosure. Click the Sale Information tab for the holder's preliminary quote. The bid will be readily available for seeing by picking the View Documents link under Residential or commercial property Details.

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

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

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

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you are interested in purchasing. Use only one search criteria to get the finest search engine result. The rescheduled sale date will be shown if you select 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 invite you to stay and observe the proceedings.


All bidders, except the foreclosing lender, need to 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 precise name of the person in which the Certificate of Purchase is to be provided.

The successful bidder needs to present certified funds in the amount 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, 2nd or 3rd highest bidder, please provide the Public Trustee with your bidder contact info. In case the very first effective bidder defaults on the bid, the subsequent bidders will be called by our office. You will have extra time to provide the funds to the 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 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 appropriate redemption time. If redemption happens, 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 costs 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 supply figures (overall of 13 service days after the date of sale).

TITLE TO THE RESIDENTIAL 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 8th business day after the sale, title to the residential or commercial property sold 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 charges and expenses, the general public Trustee will perform and tape-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 validating 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 presence at the sale for info regarding techniques of payment, necessary types and when those types 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 commercial property offered for at auction, you can use the Foreclosure Residential or commercial property Search function to take a look at each file that went to sale. You can also browse 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 getting in the sale date into both fields. The General Public Trustee has utilized all sensible efforts to guarantee that the pages and other details on this site do not include any incorrect or out-of-date info; however, we can make no assurance or service warranties about the accuracy or timeliness of the information. If you think any product included in this website is unreliable, please call 970-870-5555.