Prepare Ahead of Time before You Bid!

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 actually been developed as an informational tool for citizens. It is not planned to serve as legal guidance

It is your obligation to do the research study before pertaining to the sale. The Public Trustee does not guarantee that the deed being foreclosed is a very first lien. The Public Trustee does not understand if the taxes have actually been paid or if there are other liens against the residential or commercial property.

By law, lending institutions that plan to offer residential or commercial property at a foreclosure sale need to submit a written quote to the general public Trustee no behind 12 twelve noon 2 (2) business 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 out what the lender's minimum bid will be at the sale (the quotes might alter or be pulled up until 10:00 a.m. the day of sale). You can also log onto our Website to get the present Pre-sale list.

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

• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested in acquiring. You will be able to view the foreclosure records on each residential or commercial property in foreclosure. Click on the Sale Information tab for the holder's preliminary quote. The bid will be offered for viewing by selecting the View Documents connect under Residential or commercial property Details.

• Click here 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 lending institution. This list is uploaded to our website on Monday afternoon and upgraded if needed.

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

You can figure out the new sale date by either of the following techniques:

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you have an interest in acquiring. Use just 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 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 know 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, need to exist at the sale.

Please listen carefully to the general public Trustee's directions at the beginning 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 should present certified funds in the amount of the quote to the Public Trustee office by 2:00 p.m. the day of the sale.

If you are the first, 2nd or 3rd greatest bidder, please supply the general public Trustee with your bidder contact details. In case the very first effective bidder defaults on the quote, the subsequent bidders will be contacted by our office. You will have additional time to offer 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 tape-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 happens, 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 related expenditures enabled by Colorado law are costs to "secure 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 file an intent to redeem.

The Certificate of Purchase holder will have 5 service days to provide 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 enabled to all lienors entitled to redeem or, if there are no intents to redeem filed, upon the close of the eighth 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 periods.

Upon receipt of all statutory charges and expenses, the Public Trustee will perform 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 confirming the transfer of title to the residential or commercial property

The workplace of the general public Trustee has a written policy concerning the conduct of a foreclosure sale.

You are motivated to examine the sale policy prior to participation at the sale for information concerning techniques of payment, required forms 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 need to know what a residential or commercial property offered for 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 each week 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 General Public Trustee has utilized all sensible efforts to ensure that the pages and other info on this website do not contain any unreliable or obsolete information; nevertheless, we can make no warranty or service warranties about the accuracy or timeliness of the information. If you think any material consisted of in this website is inaccurate, please call 970-870-5555.