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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 in advance before you bid!!

ALL SALES ARE FINAL!

This guide has been established as an informative tool for citizens. It is not intended to act as legal guidance

It is your obligation to do the research before concerning the sale. The General 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 against the residential or commercial property.

By law, loan providers that mean to sell residential or commercial property at a foreclosure sale must send a written bid to the general public Trustee no later on than 12 twelve 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 discover what the loan provider’s minimum quote will be at the sale (the bids might alter or be brought up till 10:00 a.m. the day of sale). You can likewise log onto our Website to obtain the present Pre-sale list.

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

• Click here for the Or Commercial Property Search: Look For the residential or commercial property you have an interest in acquiring. 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 preliminary bid. The quote will be offered for viewing by selecting 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 submitted by the lending institution. This list is published to our site on Monday afternoon and upgraded if needed.

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

You can figure out 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 requirements to get the very best search results page. The rescheduled sale date will be shown 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 set up 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 conscious 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 remain and observe the procedures.
All bidders, other than the foreclosing lender, need to exist at the sale.

Please listen carefully to the Public Trustee’s instructions 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 successful bidder needs to present qualified funds in the quantity of the bid to the Public Trustee office by 2:00 p.m. the day of the sale.

If you are the very first, 2nd or third greatest bidder, please provide the general public Trustee with your bidder contact information. In case the very first effective bidder defaults on the quote, the subsequent bidders will be called by our office. You will have extra 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 a real 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 proper redemption time. If redemption takes place, 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 related costs enabled by Colorado law are costs to “protect and secure” the residential or commercial property.

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

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

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption periods enabled 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 durations.

Upon invoice of all statutory costs and costs, the general public Trustee will perform and record 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 general public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are encouraged to examine the sale policy prior to participation at the sale for details relating to approaches of payment, necessary forms and when those forms 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 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 take a look at each file that went to sale. You can likewise search 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 entering the sale date into both fields. The Public Trustee has actually utilized all sensible efforts to guarantee that the pages and other details on this website do not include any unreliable or obsolete info