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 ahead of time before you bid!!

ALL SALES ARE FINAL!

This guide has been developed as an educational tool for citizens. It is not meant to serve as legal recommendations

It is your responsibility to do the research before coming to the sale. The General Public Trustee does not guarantee 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 mean to offer residential or commercial property at a foreclosure sale need to send a written quote to the general public Trustee no behind 12 twelve noon 2 (2) organization days prior to the scheduled date of sale.

Talk to the Public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the scheduled sale date) to discover what the loan provider's minimum quote will be at the sale (the quotes may change 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 actually been submitted 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 have an interest in buying. You will have the ability to view the foreclosure records on each residential or commercial property in foreclosure. Click the Sale Information tab for the holder's preliminary quote. The quote will be offered for seeing by picking 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 bid sent by the lending institution. This list is uploaded to our website on Monday afternoon and upgraded if required.

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

You can identify the brand-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 are interested in buying. Use only one search criteria to get the best search outcome. 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 set up 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 know that this is a legal case set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we welcome you to stay and observe the proceedings.
All bidders, other than the foreclosing lending institution, must exist at the sale.

Please listen thoroughly to the Public Trustee's directions at the start of the sale.

Please quote in the precise name of the person in which the Certificate of Purchase is to be provided.

The successful bidder must present certified funds in the amount of the quote to the general public Trustee workplace by 2:00 p.m. the day of the sale.

If you are the first, 2nd or 3rd greatest bidder, please offer the Public Trustee with your bidder contact info. In case the first successful bidder defaults on the bid, the subsequent bidders will be gotten in touch with by our office. You will have extra time to supply 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 a real copy of the Certificate of Purchase (CP). The CP will be held by the Public Trustee and taped 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 proper redemption time. If redemption occurs, the Certificate of Purchase holder is paid the bid amount plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related costs allowed by Colorado law are 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 organization 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 permitted to all lienors entitled to redeem or, if there are no intents to redeem submitted, upon the close of the 8th business day after the sale, title to the residential or commercial property sold 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 fees and costs, the Public Trustee will perform and tape-record a Verification Deed to the holder of the Certificate of Purchase or, when it comes to redemption, to the holder of the last Certificate of Redemption validating the transfer of title to the residential or commercial property

The office of the general public Trustee has a written policy relating to the conduct of a foreclosure sale.

You are motivated to evaluate the sale policy prior to participation at the sale for information concerning approaches of payment, required kinds and when those forms are due.

• Sale Policy: Foreclosure Sale Policy (PDF)

• Bidder Registration Forms: (PDF)
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• 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 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 likewise 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 entering the sale date into both fields. The General Public Trustee has used all reasonable efforts to make sure that the pages and other information on this site do not contain any inaccurate or obsolete details