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 in advance before you bid!!

ALL SALES ARE FINAL!

This guide has actually been developed as an educational tool for people. It is not intended to serve as legal recommendations

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

By law, lenders that intend to offer residential or commercial property at a foreclosure sale should submit a written bid to the Public Trustee no later than 12 noon two (2) company days prior to the scheduled date of sale.

Contact the general public Trustee's office after 3:00 p.m. on Tuesday (the day before the arranged sale date) to discover what the loan provider's minimum quote 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 obtain the present Pre-sale list.

You can figure out 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 buying. You will have the ability to view the foreclosure records on each residential or commercial property in foreclosure. Click on the Sale Information tab for the holder's preliminary bid. The quote will be available for viewing by picking the View Documents connect 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 loan provider. This list is published to our website on Monday afternoon and updated if essential.

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

You can determine the new sale date by either of the following methods:

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you have an interest in buying. Use just one search criteria to get the very best search engine result. The rescheduled sale date will be shown 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 arranged 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 postponed. If you are unprepared at that time, we welcome you to stay and observe the proceedings.
All bidders, other than the foreclosing loan provider, need to be present at the sale.

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

Please bid in the specific name of the person in which the Certificate of Purchase is to be released.
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The effective bidder should present 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, second or third highest bidder, please provide the Public Trustee with your bidder contact info. In case the first effective bidder defaults on the bid, the subsequent bidders will be gotten in touch with by our office. You will have extra 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 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 duration.

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

* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 business 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 service days after the date of sale).

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption durations allowed to all lienors entitled to redeem or, if there are no intents to redeem filed, upon the close of the 8th company day after the sale, title to the residential or commercial property offered 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 invoice of all statutory charges and expenses, the general public Trustee will execute and tape-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 validating the transfer of title to the residential or commercial property

The of the Public Trustee has a written policy relating to the conduct of a foreclosure sale.

You are encouraged to examine the sale policy prior to attendance at the sale for details concerning techniques of payment, required kinds and when those forms 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 desire to understand what a residential or commercial property cost 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 using 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 actually used all sensible efforts to ensure that the pages and other details on this site do not include any inaccurate or obsolete details