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 been established as an educational tool for citizens. It is not intended to work as legal guidance
It is your obligation to do the research before pertaining to the sale. The Public Trustee does not ensure that the deed being foreclosed is a very first lien. The General 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 later than 12 noon two (2) service 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 set up sale date) to find out what the loan provider's minimum quote will be at the sale (the quotes may change or be pulled up till 10:00 a.m. the day of sale). You can also log onto our Website to get the existing Pre-sale list.
You can identify if a quote has actually 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 acquiring. You will have the ability to view 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 offered for seeing by choosing the View Documents connect under Residential or commercial property Details.
• Click here the Foreclosure Reports: Click the Pre Sale List to see all the residential or commercial properties going to sale and the opening bid submitted by the lender. This list is submitted to our site on Monday afternoon and upgraded if needed.
If a quote has actually not been submitted, the sale date may be continued.
You can determine the 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 acquiring. Use only one search requirements to get the best 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 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 proceeding set for 10:00 a.m. and the sale will not be postponed. If you are unprepared at that time, we welcome you to remain and observe the procedures.
All bidders, except the foreclosing lender, should exist at the sale.
Please listen carefully to the general public Trustee's directions at the start of the sale.
Please quote in the exact name of the person in which the Certificate of Purchase is to be released.
The successful bidder must provide certified funds in the amount of the bid to the Public Trustee workplace by 2:00 p.m. the day of the sale.
If you are the very first, second or 3rd greatest bidder, please supply the Public Trustee with your bidder contact details. In case the first successful bidder defaults on the bid, the subsequent bidders will be contacted by our office. You will have extra time to supply 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 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 quantity plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related costs allowed by Colorado law are costs to "protect 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 file an intent to redeem.
The Certificate of Purchase holder will have 5 business days to provide figures (total of 13 company 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 filed, upon the close of the eighth organization day after the sale, title to the residential or commercial property sold will 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 invoice of all statutory charges and costs, the general public Trustee will perform and tape 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 confirming 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 review the sale policy prior to presence at the sale for info regarding methods of payment, necessary forms 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 wish to know what a residential or commercial property offered 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 each 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 General Public Trustee has utilized all reasonable efforts to guarantee that the pages and other info on this website do not contain any inaccurate or out-of-date details; nevertheless, we can make no warranty or guarantees about the accuracy or timeliness of the data. If you believe any material included in this website is unreliable, please call 970-870-5555.
