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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
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Prepare beforehand before you bid!!

ALL SALES ARE FINAL!

This guide has actually been developed as an informative tool for residents. It is not intended to act as legal recommendations

It is your duty to do the research study before pertaining to 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 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 must send a composed bid to the Public Trustee no behind 12 noon 2 (2) organization days prior to the scheduled date of sale.

Consult the general public Trustee's office after 3:00 p.m. on Tuesday (the day before the set up sale date) to learn 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 also log onto our Website to acquire the present Pre-sale list.

You can identify if a bid has actually been sent on a particular residential or commercial property by either of the following techniques:

• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you have an interest in buying. 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 bid will be available for viewing by choosing the View Documents connect under Residential or commercial property Details.

• Click on this link the Foreclosure Reports: Click on 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 uploaded to our website on Monday afternoon and updated if necessary.

If a bid has actually not been submitted, the sale date might be continued.

You can determine the brand-new sale date by either of the following approaches:

• Select the Foreclosure Residential or commercial property Search to find the residential or commercial property you are interested in acquiring. Use only one search criteria to get the best search engine result. 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 scheduled 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 case set for 10:00 a.m. and the sale will not be postponed. If you are unprepared at that time, we invite you to remain and observe the procedures.
All bidders, other than the foreclosing lending institution, should be present at the sale.

Please listen carefully to the Public Trustee's directions at the beginning of the sale.

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

The successful bidder must present qualified funds in the quantity of the quote to the general public Trustee workplace by 2:00 p.m. the day of the sale.

If you are the first, 2nd or 3rd highest bidder, please provide the Public Trustee with your bidder contact details. In case the very first successful bidder defaults on the quote, the subsequent bidders will be contacted by our office. You will have additional time to offer 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 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 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 associated costs allowed by Colorado law are costs to "protect and secure" the residential or commercial property.

* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 company days from the date of sale to file an intent to redeem.

The Certificate of Purchase holder will have 5 business days to offer figures (total of 13 business days after the date of sale).

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption periods allowed to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the 8th service 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 .

Upon receipt of all statutory charges and costs, the Public Trustee will perform 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 verifying 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 encouraged to examine the sale policy prior to attendance at the sale for details concerning methods of payment, necessary forms and when those kinds 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 would like to know what a residential or commercial property cost 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 likewise browse the residential or commercial properties that went to sale weekly 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 used all reasonable efforts to ensure that the pages and other information on this website do not include any inaccurate or obsolete information