Prepare in Advance before You Bid!
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!!
ALL SALES ARE FINAL!
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This guide has been established as an informational tool for people. It is not meant to work as legal suggestions
It is your responsibility to do the research before pertaining to 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 actually been paid or if there are other liens versus the residential or commercial property.
By law, lenders that mean to offer residential or commercial property at a foreclosure sale must submit a written quote to the general public Trustee no behind 12 midday two (2) service 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 out what the lender's minimum quote will be at the sale (the quotes might change or be pulled up till 10:00 a.m. the day of sale). You can also log onto our Website to obtain the present Pre-sale list.
You can determine if a quote has actually been submitted on a particular residential or commercial property by either of the following approaches:
• Click here for the Foreclosure Residential Or Commercial Property Search: Look For the residential or commercial property you have an interest in acquiring. 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 initial bid. The quote will be available for viewing 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 bid sent by the loan provider. This list is published to our website on Monday afternoon and upgraded if essential.
If a quote has not been submitted, the sale date might be continued.
You can identify the new sale date by either of the following approaches:
• Select the Foreclosure Residential or commercial property Search to find the residential or commercial property you have an interest in acquiring. Use only one search requirements to get the finest search result. 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 List to see all files on which the set up 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 understand 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 invite you to stay and observe the proceedings.
All bidders, other than the foreclosing lender, must be present at the sale.
Please listen carefully to the Public Trustee's directions at the beginning of the sale.
Please bid in the precise name of the person in which the Certificate of Purchase is to be provided.
The successful bidder needs to present certified funds in the quantity of the quote to the Public Trustee workplace by 2:00 p.m. the day of the sale.
If you are the first, second or 3rd highest bidder, please provide the general public Trustee with your bidder contact info. In case the first successful bidder defaults on the bid, the subsequent bidders will be called by our workplace. You will have additional time to provide 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 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 duration.
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 specified rate in the Deed of Trust and Note being foreclosed. Other associated expenses permitted by Colorado law are expenses to "protect and protect" 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 organization days to offer figures (total of 13 company 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 filed, upon the close of the eighth company 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 receipt of all statutory costs and expenses, the Public Trustee will carry out and record a Confirmation Deed to the holder of the Certificate of Purchase or, when it comes to 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 general public Trustee has a written policy relating to the conduct of a foreclosure sale.
You are encouraged to examine the sale policy prior to presence at the sale for details concerning methods 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 post a Post Sale List on the following week. If you desire to know what a residential or commercial property cost at auction, you can utilize the Foreclosure Residential or commercial property Search function to take a look at each file that went to sale. You can also 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 reasonable efforts to ensure that the pages and other details on this site do not contain any incorrect or obsolete information; however, we can make no guarantee or warranties about the precision or timeliness of the data. If you believe any material included in this webpage is inaccurate, please call 970-870-5555.