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!!

ALL SALES ARE FINAL!

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

It is your obligation to do the research study before coming to the sale. The General Public Trustee does not ensure 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 versus the residential or commercial property.

By law, loan providers that mean to offer residential or commercial property at a foreclosure sale must send a composed bid to the general public Trustee no later on than 12 noon two (2) service days prior to the scheduled date of sale.

Consult the Public Trustee's office 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 brought 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 figure out if a quote has actually been sent on a particular residential or commercial property by either of the following techniques:

• Click here for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested in purchasing. You will be able to see the foreclosure records on each residential or commercial property in foreclosure. Click the Sale Information tab for the holder's initial bid. The bid will be available for seeing by picking the View Documents link 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 bid sent by the lending institution. This list is submitted to our site on Monday afternoon and updated if required.

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

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

• Select the Foreclosure Residential or commercial property Search to find the residential or commercial property you have an interest in buying. Use just one search criteria to get the very best search results page. The rescheduled sale date will be revealed if you pick 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 be aware 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 procedures.


All bidders, other than the foreclosing lending institution, need to be present at the sale.

Please listen carefully to the Public Trustee's instructions 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.

The successful bidder needs to provide licensed 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 third highest bidder, please supply the general public Trustee with your bidder contact information. In case the very first successful bidder defaults on the bid, the subsequent bidders will be called by our workplace. You will have additional time to supply the funds to the general 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 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 proper redemption time. If redemption occurs, the Certificate of Purchase holder is paid the quote amount plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other associated costs allowed by Colorado law are expenses to "protect and protect" 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 company days to provide figures (overall 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 submitted, upon the close of the eighth business day after the sale, title to the residential or commercial property offered 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 expenses, the Public Trustee will carry out and 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 office 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 approaches of payment, required kinds 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 look at each file that went to sale. You can also browse the residential or commercial properties that went to sale every week by utilizing the Foreclosure Residential or commercial property Search function using the Sold Date Range Field and going into the sale date into both fields. The Public Trustee has actually used all reasonable efforts to guarantee that the pages and other info on this website do not include any incorrect or obsolete info; nevertheless, we can make no warranty or warranties about the precision or timeliness of the information. If you think any material included in this webpage is incorrect, please call 970-870-5555.