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
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Prepare in advance before you bid!!

ALL SALES ARE FINAL!

This guide has been established as an informative tool for residents. It is not planned to function as legal guidance

It is your duty 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 Public Trustee does not understand if the taxes have been paid or if there are other liens against the residential or commercial property.

By law, lenders that intend to offer residential or commercial property at a foreclosure sale need to send a composed bid to the general public Trustee no behind 12 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 arranged sale date) to discover what the lending institution’s minimum quote will be at the sale (the quotes may alter or be pulled up till 10:00 a.m. the day of sale). You can likewise log onto our Website to obtain the current Pre-sale list.

You can determine if a quote has been sent 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 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 quote will be offered for viewing 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 quote submitted by the lender. This list is published to our website on Monday afternoon and updated if necessary.

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

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

• Select the Foreclosure Residential or commercial property Search to discover the residential or commercial property you have an interest in purchasing. Use only one search criteria to get the very best search engine result. The rescheduled sale date will be shown 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 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 postponed. If you are unprepared at that time, we welcome you to stay and observe the proceedings.
All bidders, other than the foreclosing loan provider, 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 precise name of the person in which the Certificate of Purchase is to be released.

The effective bidder must present licensed funds in the amount of the bid to the general public Trustee workplace by 2:00 p.m. the day of the sale.

If you are the first, 2nd or third greatest bidder, please offer the general public Trustee with your bidder contact details. In case the very first defaults on the quote, the subsequent bidders will be called by our workplace. You will have extra 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 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 * 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 related expenditures enabled by Colorado law are expenses 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 submit an intent to redeem.

The Certificate of Purchase holder will have 5 business days to provide figures (overall of 13 organization 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 organization 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 durations.

Upon invoice of all statutory costs and costs, the general 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 validating the transfer of title to the residential or commercial property

The office of the Public Trustee has a written policy regarding the conduct of a foreclosure sale.

You are motivated to evaluate the sale policy prior to presence at the sale for details concerning approaches 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 post a Post Sale List on the following week. If you desire to know what a residential or commercial property sold for at auction, you can use 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 entering the sale date into both fields. The Public Trustee has actually used all affordable efforts to ensure that the pages and other details on this site do not include any inaccurate or obsolete information