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 actually been developed as an informative tool for people. It is not planned to work as legal recommendations

It is your obligation to do the research study before pertaining to the sale. The General Public Trustee does not ensure that the deed being foreclosed is a very first lien. The Public Trustee does not understand if the taxes have actually been paid or if there are other liens versus the residential or commercial property.

By law, loan providers that plan to offer residential or commercial property at a foreclosure sale need to send a written quote to the Public Trustee no later than 12 twelve noon two (2) organization 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 discover what the lending institution's minimum quote 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 current 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 methods:

• Click here for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested in purchasing. You will have the ability to see the foreclosure records on each residential or commercial property in foreclosure. Click on the Sale Information tab for the holder's initial quote. The quote will be available for seeing by picking the View Documents connect under Residential or commercial property Details.

• Click on this link the Foreclosure Reports: Click the Pre Sale List to see all the residential or commercial properties going to sale and the opening quote submitted by the lender. This list is uploaded to our website on Monday afternoon and updated if essential.

If a quote 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 approaches:

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you are interested in purchasing. Use just one search requirements to get the finest search results page. The rescheduled sale date will be revealed if you choose 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 be conscious 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 proceedings.
All bidders, other than the foreclosing loan provider, should exist at the sale.

Please listen carefully to the general public Trustee's guidelines at the start of the sale.

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

The successful bidder should provide qualified funds in the amount of the quote to the Public Trustee workplace by 2:00 p.m. the day of the sale.

If you are the first, 2nd or 3rd greatest bidder, please provide the general public Trustee with your bidder contact info. In case the very first effective bidder defaults on the quote, the subsequent bidders will be called by our office. 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 a real 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 * during their appropriate redemption time. If redemption occurs, 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 "secure 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 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 enabled to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the eighth organization 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 periods.

Upon receipt of all statutory charges and costs, the general public Trustee will perform 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 confirming the transfer of title to the residential or commercial property

The workplace of the general public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are motivated to examine the sale policy prior to presence at the sale for info concerning approaches of payment, required forms and when those kinds are due.

• Sale Policy: Foreclosure Sale Policy (PDF)

• Bidder 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 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 likewise search the residential or commercial properties that went to sale each week 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 Public Trustee has used all affordable efforts to make sure that the pages and other details on this site do not contain any inaccurate or out-of-date information