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1 Prepare in Advance before You Bid!

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

Prepare ahead of time before you bid!!

ALL SALES ARE FINAL!

This guide has been established as an informational tool for people. It is not meant to work as legal recommendations

It is your duty to do the research before concerning the sale. The Public Trustee does not guarantee that the deed being foreclosed is a very first lien. The General 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, lending institutions that mean to sell residential or commercial property at a foreclosure sale must send a composed bid to the Public Trustee no behind 12 midday two (2) business 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 find out what the lender's minimum quote will be at the sale (the quotes might alter or be brought up until 10:00 a.m. the day of sale). You can also log onto our Website to get the existing Pre-sale list.

You can figure out if a quote has actually been submitted on a specific residential or commercial property by either of the following techniques:

• Click on this link for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you have an interest in acquiring. 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 quote. The bid will be offered for seeing by picking the View Documents link under Residential or commercial property Details.

• Click on this link the Foreclosure Reports: Click the Pre Sale List to view all the residential or commercial properties going to sale and the opening quote submitted by the lender. This list is uploaded to our site on Monday afternoon and upgraded if needed.

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

You can figure out 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 buying. Use only one search requirements to get the very best search results page. 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 arranged 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 be conscious that this is a legal action set for 10:00 a.m. and the sale will not be delayed. If you are unprepared at that time, we welcome you to remain and observe the proceedings.
All bidders, except the foreclosing lender, should be present at the sale.

Please listen thoroughly to the Public Trustee's guidelines at the beginning of the sale.

Please bid in the precise name of the person in which the Certificate of Purchase is to be released.

The effective bidder should present qualified funds in the quantity of the quote to the general office by 2:00 p.m. the day of the sale.

If you are the first, second or 3rd greatest bidder, please supply the general public Trustee with your bidder contact information. In case the first effective 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 general 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 tape-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 * throughout their appropriate redemption time. If redemption takes place, the Certificate of Purchase holder is paid the bid quantity plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related expenses allowed by Colorado law are costs to "safeguard and protect" the residential or commercial property.

* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 business days from the date of sale to file an intent to redeem.

The Certificate of Purchase holder will have 5 company days to offer figures (overall of 13 company 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 filed, upon the close of the eighth organization day after the sale, title to the residential or commercial property offered shall 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 costs and costs, the Public Trustee will carry out 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 confirming 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 review the sale policy prior to presence at the sale for information regarding approaches of payment, required forms and when those kinds 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 wish to know 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 also browse the residential or commercial properties that went to sale each week by using the Foreclosure Residential or commercial property Search function utilizing the Sold Date Range Field and going into the sale date into both fields. The General Public Trustee has utilized all sensible efforts to guarantee that the pages and other info on this website do not contain any inaccurate or obsolete information