Prepare In Advance 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 in advance before you bid!!
ALL SALES ARE FINAL!
This guide has actually been developed as an informational tool for residents. It is not meant to act as legal advice
It is your responsibility to do the research before pertaining to the sale. The Public Trustee does not ensure that the deed being foreclosed is a first lien. The General Public Trustee does not understand if the taxes have been paid or if there are other liens versus the residential or commercial property.
By law, lending institutions that mean to sell residential or commercial property at a foreclosure sale should submit a composed quote to the general public Trustee no later on than 12 midday two (2) organization days prior to the scheduled date of sale.
Check with 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 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 also log onto our Website to get the present 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 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 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 bid. The bid will be offered for seeing by choosing the View Documents link under Residential or commercial property Details.
• Click on this link the Foreclosure Reports: Click on the Pre Sale List to see all the residential or commercial properties going to sale and the opening bid submitted by the loan provider. This list is submitted to our site on Monday afternoon and updated if needed.
If a quote has actually not been sent, the sale date may be continued.
You can determine 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 requirements to get the very best search outcome. The rescheduled sale date will be revealed if you pick 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 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 be aware that this is a legal action set for 10:00 a.m. and the sale will not be postponed. If you are unprepared at that time, we welcome 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 guidelines at the beginning of the sale.
Please quote in the exact name of the person in which the Certificate of Purchase is to be provided.
The successful bidder should provide licensed funds in the amount of the bid to the office by 2:00 p.m. the day of the sale.
If you are the very first, second or 3rd greatest bidder, please provide the general public Trustee with your bidder contact info. In case the very first successful bidder defaults on the quote, the subsequent bidders will be called by our office. You will have extra time to offer 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 taped 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 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 associated expenses enabled by Colorado law are costs to "protect and protect" the residential or commercial property.
* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 organization 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 business days after the date of sale).
TITLE TO THE RESIDENTIAL OR COMMERCIAL PROPERTY:
Upon the expiration of all redemption periods allowed 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 periods.
Upon invoice of all statutory fees and expenses, the Public Trustee will perform and 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 office of the 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 details relating to approaches of payment, necessary 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 cost 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 browse the residential or commercial properties that went to sale every 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 utilized all reasonable efforts to make sure that the pages and other info on this website do not include any incorrect or out-of-date information; nevertheless, we can make no guarantee or warranties about the accuracy or timeliness of the data. If you believe any product contained in this website is inaccurate, please call 970-870-5555.