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 ahead of time before you bid!!

ALL SALES ARE FINAL!

This guide has actually been developed as an educational tool for citizens. It is not meant to work as legal guidance

It is your responsibility to do the research study before coming 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 against the residential or commercial property.

By law, lenders that plan to offer residential or commercial property at a foreclosure sale need to send a written quote to the Public Trustee no later than 12 twelve noon 2 (2) company days prior to the scheduled date of sale.

Consult the general public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the set up sale date) to discover what the lender's minimum quote will be at the sale (the bids might alter or be brought up until 10:00 a.m. the day of sale). You can likewise log onto our Website to get the current Pre-sale list.

You can figure out if a bid has actually been submitted on a particular 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 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 preliminary quote. The bid will be available 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 view all the residential or commercial properties going to sale and the opening quote sent by the lending institution. This list is published to our site on Monday afternoon and upgraded if needed.

If a bid has actually not been submitted, the sale date may 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 find the residential or commercial property you are interested in buying. Use just one search requirements to get the best search results page. The rescheduled sale date will be shown if you select 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 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 know that this is a legal proceeding 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 loan provider, need to be present at the sale.

Please listen carefully to the Public Trustee's guidelines 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 should provide certified funds in the amount of the bid to the Public Trustee office by 2:00 p.m. the day of the sale.

If you are the very first, second or 3rd greatest bidder, please offer the Public Trustee with your bidder contact info. 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 extra time to provide 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 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 period.

Each sale can be redeemed by junior lien holders * throughout their appropriate redemption time. If redemption takes place, 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 expenses permitted by Colorado law are expenses to "secure and protect" the residential or commercial property.

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

The Certificate of Purchase holder will have 5 company days to supply figures (overall of 13 company 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 company day after the sale, title to the residential or commercial property sold shall 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 fees and costs, the Public Trustee will carry out and tape-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 workplace 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 participation at the sale for information concerning approaches of payment, required kinds and when those types 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 need 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 likewise search the residential or commercial properties that went to sale weekly by utilizing 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 actually utilized all sensible efforts to guarantee that the pages and other information on this website do not contain any incorrect or out-of-date information; nevertheless, we can make no warranty or warranties about the accuracy or timeliness of the data. If you believe any product consisted of in this website is unreliable, please call 970-870-5555.