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 been developed as an educational tool for people. It is not intended to work as legal guidance

It is your obligation to do the research before concerning 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 should send a composed bid to the general public Trustee no later than 12 twelve noon two (2) organization days prior to the scheduled date of sale.

Talk to the general public Trustee's office after 3:00 p.m. on Tuesday (the day before the scheduled sale date) to discover what the lending institution's minimum quote will be at the sale (the bids may alter or be brought up until 10:00 a.m. the day of sale). You can likewise log onto our Website to acquire the existing Pre-sale list.

You can figure out if a quote has been sent on a specific residential or commercial property by either of the following methods:

• Click here for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested 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 preliminary bid. The quote will be offered for seeing by picking the View Documents link 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 loan provider. This list is published to our site on Monday afternoon and upgraded if essential.

If a quote has actually not been sent, 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 are interested in buying. Use only one search requirements to get the best search results page. 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 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 be mindful that this is a legal action set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we invite you to remain and observe the procedures.


All bidders, other than the foreclosing loan provider, should be present at the sale.

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

Please bid in the exact name of the person in which the Certificate of Purchase is to be provided.

The effective bidder must provide qualified funds in the quantity of the bid 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 offer the general public Trustee with your bidder contact info. In case the first successful bidder defaults on the bid, the subsequent bidders will be contacted by our workplace. You will have additional 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 * during their appropriate 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 expenditures 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 company days from the date of sale to submit an intent to redeem.

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

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption periods permitted to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the 8th business day after the sale, title to the residential or commercial property sold 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 durations.

Upon invoice of all statutory costs and costs, the Public Trustee will perform 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 validating 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 evaluate the sale policy prior to presence at the sale for details regarding methods of payment, necessary 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 sold for at auction, you can use the Foreclosure Residential or commercial property Search function to look at each file that went to sale. You can likewise browse the residential or commercial properties that went to sale weekly by using the Foreclosure Residential or commercial property Search function utilizing the Sold Date Range Field and getting in the sale date into both fields. The Public Trustee has utilized all sensible efforts to guarantee that the pages and other information on this site do not include any incorrect or out-of-date information; nevertheless, we can make no warranty or service warranties about the precision or timeliness of the information. If you believe any product consisted of in this webpage is inaccurate, please call 970-870-5555.