It is your responsibility to do research before concerning the sale to bid on a residential or commercial property. The general public Trustee can not and does not guarantee that the deed of trust being foreclosed is a first lien - it might be a second or 3rd lien. The General Public Trustee does not know the condition of the residential or commercial property, or if the residential or commercial property taxes or evaluations have actually been paid or if there are any other liens versus the residential or commercial property. If you do not understand how to inspect the “condition of title” or the “chain of title” to the residential or commercial property, you may want to hire somebody to do the research for you.

You can acquire the foreclosure case number for the residential or commercial property by looking it up at our website, Foreclosure Search.

On Tuesday, two days before sale, we will have published in our office by approximately 2:00 p.m. listing of residential or commercial properties scheduled to go to sale that week (Thursday). The lending institution’s composed bid is required to be provided, in composing, to the general public Trustee prior to the posting of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The quotes are public info and you might search our foreclosure search, sale information, bid, to see the opening bid quantity. Bids got from the lenders may be amended at the time of sale so long as the lending institution’s representative is personally present at sale and re-executes the changed written quote.

Be encouraged: The lending institution or its attorney, or the Public Trustee, might pull or continue a or commercial property from the sale list at any time up until the sale starts Thursday morning.

Sign in on sale day:

The Clear Creek County Public Trustee holds foreclosure sales on Thursday’s quickly at 11:00 a.m. - Sales are held at the Clear Creek County Treasurer & Public Trustee’s Office, in the Clear Creek County Courthouse, 405 Argentine Street, Georgetown, Colorado. See Map (PDF)

If you intend to bid on a residential or commercial property, you ought to get to the office about 15 to 20 minutes early to finish a Bidder Information Form (PDF) with your name, address, and so on. This details will be utilized for the Certificate of Purchase, please make sure it is precise and legible.

Those thinking about bidding should personally go to the sale. We do not take over-bids by phone, fax or e-mail. If you are appearing at the sale to bid on behalf of somebody other than yourself or another entity that you do not own or control, you need to have actually composed authorization, a letter of agency notarized pursuant to CRS 15-14-607, and verbally state that your quote is being gone into on behalf of that other individual or entity at the time the bid is made.

Bidding at the sale proceeds in increments of $5.00 - if the loan provider has actually submitted a quote for $150,000.00, for example, you should bid a minimum of $150,005.00 in order to be the successful bidder.

You will likewise be needed to have sufficient funds with you to bid on the residential or commercial property. Payment of successful quote quantities should be made in the kind of a main bank cashier’s check or certified check. Checks should be payable just to the “Clear Creek County Public Trustee”. We can not accept 3rd party checks. The Public Trustee will strike and sell the residential or commercial property to the successful bidder after bidding has ceased and funds have been offered.

Pursuant to laws in impact on January 1, 2008 for cases began after that date, the effective bidder will not get an initial Certificate of Purchase at the time of sale. Successful bidders will be supplied with an Invoice from the Public Trustee after the sale is finished. A Certificate of Purchase will be issued in the name and address of the effective bidder as shown on your Bidder Information Form and recorded (within 5 business days) by the Public Trustee’s office and kept in our office records.

As the grantee called in the Certificate of Purchase, you do not have instant right of access to the residential or commercial property. A Certificate of Purchase does not transfer title to you, it simply evidences your investment made at the time of sale.

The Redemption Process:

A junior lien holder has 8 company days after the sale to submit an intent to redeem. The most senior lien may redeem 15 to 19 organization days after the sale, but no behind noon the last day. If multiple lien holders file an intent to redeem, each extra lien holder will get a 5 day redemption duration.

If you are called for redemption figures, interest is calculated at the rate specified on the note and extra expenditures are limited to those permitted by statute. Please be prepared to supply receipts for costs sustained. Redemption figures must be received within 13 service days after the sale. The statement needs to define all amounts needed to redeem consisting of the quantity of daily interest and the rate of interest. The statement may be modified up until 2 company days before the start of the next appropriate redemption duration. Your statement of redemption need to comply with 38-38-302 C.R.S.

. If redemption occurs, the Certificate of Purchase holder is paid the bid amount, interest at the rate specified in the Deed of Trust and Note being foreclosed, and any other allowable costs as specified by Colorado Revised Statutes (receipts must be supplied) as supplied in C.R.S. 38-38-107 and as included in your redemption statement. Thereafter, upon written request and payment of the required fees, the Public Trustee’s workplace will issue a Confirmation Deed to convey title to the last redeeming party.

If no Notice of Intent to Redeem is submitted and no redemption is made by anybody, you need to ask for, in writing, that our office concern your Confirmation Deed, no faster than 15 company days after the sale. You need to pay a $30.00 fee, plus recording costs, for issuance of the recorded Deed. The Confirmation Deed will be provided by the Public Trustee and recorded with the Clerk & Recorder’s workplace. If you are the beneficiary of that Deed, you will then have ownership of the residential or commercial property.

Notice to an owner in foreclosure:

If your residential or commercial property goes to foreclosure auction sale and is acquired for more than the overall owed to the lending institution and to all other lien holders, please contact the general public Trustee’s workplace after the sale because you may have funds due to you.

The general public Trustee’s workplace does not offer legal recommendations and we do not do any expulsion proceedings. Once the Confirmation Deed is provided by this workplace and taped, the general public Trustee’s file is closed.