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

Prepare in advance before you bid!!
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ALL SALES ARE FINAL!

This guide has been developed as an informative tool for residents. It is not planned to serve as legal recommendations

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 know if the taxes have been paid or if there are other liens versus the residential or commercial property.

By law, lenders that intend to sell residential or commercial property at a foreclosure sale need to submit a written bid to the general public Trustee no behind 12 noon 2 (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 learn what the lending institution’s minimum quote will be at the sale (the quotes might alter or be brought up until 10:00 a.m. the day of sale). You can also log onto our Website to obtain the current 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 buying. You will have the ability to view 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 readily available for seeing by choosing the View Documents link 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 quote sent by the loan provider. This list is published to our website on Monday afternoon and updated if necessary.

If a bid 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 purchasing. Use only one search criteria 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 arranged sale date has actually 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 aware 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 welcome you to stay and observe the procedures.
All bidders, other than the foreclosing lender, should be present at the sale.

Please listen carefully to the Public Trustee’s directions at the start of the sale.

Please quote in the exact name of the individual in which the Certificate of Purchase is to be issued.

The effective bidder needs to present certified funds in the amount of the bid to the general public Trustee office by 2:00 p.m. the day of the sale.

If you are the first, second or third greatest bidder, please offer the general public Trustee with your bidder contact details. In case the very first effective bidder defaults on the bid, the subsequent bidders will be gotten in touch with by our office. You will have additional time to provide 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 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 period.

Each sale can be redeemed by junior lien holders * throughout their appropriate redemption time. If redemption occurs, the Certificate of Purchase holder is paid the bid quantity plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other associated expenses enabled by Colorado law are costs to “safeguard and secure” the residential or commercial property.

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

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

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

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

Upon invoice of all statutory charges and costs, the 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 verifying the transfer of title to the residential or commercial property

The office of the Public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are encouraged to review the sale policy prior to participation at the sale for information regarding approaches 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 publish 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 every week by utilizing the Foreclosure Residential or commercial property Search function utilizing the Sold Date Range Field and going into the sale date into both fields. The General Public Trustee has actually utilized all affordable efforts to make sure that the pages and other details on this site do not contain any unreliable or out-of-date information