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 beforehand before you bid!!
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ALL SALES ARE FINAL!

This guide has been established as an educational tool for residents. It is not meant to act 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 Public Trustee does not understand if the taxes have been paid or if there are other liens versus the residential or commercial property.

By law, lending institutions that plan to sell residential or commercial property at a foreclosure sale should send a composed quote to the Public Trustee no later on than 12 twelve noon 2 (2) company 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 set up sale date) to discover out what the lender's minimum bid will be at the sale (the bids may change or be brought 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 sent on a specific residential or commercial property by either of the following methods:

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

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

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

You can figure out 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 are interested in buying. Use only one search requirements to get the best search results page. 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 scheduled sale date has 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 understand that this is a legal action set for 10:00 a.m. and the sale will not be postponed. If you are unprepared at that time, we invite you to stay and observe the procedures.
All bidders, except the foreclosing lender, must be present at the sale.

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

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

The successful bidder needs to provide licensed funds in the quantity 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 highest bidder, please offer the general 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 additional 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 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 duration.

Each sale can be redeemed by junior lien holders * throughout their suitable redemption time. If redemption occurs, the Certificate of Purchase holder is paid the quote amount plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related costs permitted by Colorado law are expenses to "safeguard 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 service 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 durations enabled to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the eighth company day after the sale, title to the residential or commercial property offered shall vest in the holder of the Certificate of Purchase. When it comes to a 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 carry out 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 validating the transfer of title to the residential or commercial property

The workplace of the Public Trustee has a written policy concerning the conduct of a foreclosure sale.

You are encouraged to examine the sale policy prior to participation at the sale for information relating to approaches of payment, necessary forms 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 cost 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 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 entering the sale date into both fields. The Public Trustee has utilized all reasonable efforts to ensure that the pages and other info on this site do not contain any inaccurate or obsolete details