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 established as an informational tool for residents. It is not meant to function as legal suggestions

It is your duty to do the research study before pertaining to the sale. The General 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 against the residential or commercial property.

By law, lenders that plan to sell residential or commercial property at a foreclosure sale must submit a composed quote to the Public Trustee no later on than 12 midday 2 (2) organization days prior to the scheduled date of sale.

Contact the Public Trustee's office after 3:00 p.m. on Tuesday (the day before the arranged sale date) to learn what the loan provider's minimum quote will be at the sale (the bids may alter or be pulled up until 10:00 a.m. the day of sale). You can likewise log onto our Website to obtain the present Pre-sale list.

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

• Click here 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 on the Sale Information tab for the holder's preliminary bid. The bid will be available for seeing by choosing the View Documents connect under Residential or commercial property Details.

• Click here 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 submitted to our site on Monday afternoon and updated if necessary.

If a bid has not been submitted, the sale date might be continued.

You can determine the new sale date by either of the following methods:

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you are interested in acquiring. Use just one search requirements to get the very best search outcome. 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 scheduled 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 proceeding set for 10:00 a.m. and the sale will not be delayed. 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 quote in the precise name of the individual in which the Certificate of Purchase is to be provided.

The effective bidder must present qualified funds in the quantity 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 third 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 called by our workplace. You will have additional time to provide the funds to the 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 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 * during their suitable redemption time. If redemption happens, 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 associated expenditures allowed by Colorado law are expenses 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 file an intent to redeem.

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

TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:

Upon the expiration of all redemption durations allowed 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 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 periods.

Upon invoice of all statutory fees and costs, the Public Trustee will perform and tape 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 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 at the sale for info relating to methods 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 desire to understand 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 each week by utilizing the Foreclosure Residential or commercial property Search function using the Sold Date Range Field and going into 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 site do not include any unreliable or obsolete information