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 educational tool for citizens. It is not intended to act as legal recommendations

It is your responsibility to do the research study before concerning the sale. The General 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, loan providers that mean to offer residential or commercial property at a foreclosure sale must send a composed bid to the Public Trustee no behind 12 twelve noon 2 (2) company 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 loan provider's minimum quote will be at the sale (the bids may change or be brought up till 10:00 a.m. the day of sale). You can also log onto our Website to acquire the existing Pre-sale list.

You can determine if a bid has actually been sent on a particular residential or commercial property by either of the following approaches:

• Click here for the Foreclosure Residential Or Commercial Property Search: Search for the residential or commercial property you are interested in purchasing. You will have the ability to view 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 here the Foreclosure Reports: Click the Pre Sale List to view all the residential or commercial properties going to sale and the opening bid submitted by the lending institution. This list is uploaded to our site on Monday afternoon and upgraded if required.

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 find the residential or commercial property you are interested in acquiring. Use just one search criteria to get the finest search engine result. The rescheduled sale date will be shown if you select 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
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- Please understand that this is a legal case 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 lending institution, must be present at the sale.

Please listen carefully to the Public Trustee's instructions at the start of the sale.

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

The successful bidder needs to present licensed funds in the amount of the bid to the general public Trustee office by 2:00 p.m. the day of the sale.

If you are the first, 2nd or third highest bidder, please provide the Public Trustee with your bidder contact details. In case the first effective bidder defaults on the bid, the subsequent bidders will be gotten in touch with by our office. You will have additional time to supply the funds to the general 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 period.

Each sale can be redeemed by junior lien holders * during their proper redemption time. If redemption happens, the Certificate of Purchase holder is paid the bid amount plus interest at the specified rate in the Deed of Trust and Note being foreclosed. Other related costs enabled by Colorado law are expenses to "safeguard and secure" 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 business days to offer figures (total of 13 company 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 filed, upon the close of the 8th service 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 durations.

Upon invoice of all statutory fees and costs, the general public Trustee will carry out and tape-record a Verification 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 concerning the conduct of a foreclosure sale.

You are motivated to evaluate the sale policy prior to attendance at the sale for info concerning approaches of payment, required types and when those types are due.

• Sale Policy: Foreclosure Sale Policy (PDF)

• Bidder Registration Forms: (PDF)

• Incoming Wire Transfers Information (PDF)

We publish a List on the following week. If you want to understand what a residential or commercial property cost at auction, you can use the Foreclosure Residential or commercial property Search function to 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 utilizing the Sold Date Range Field and entering the sale date into both fields. The Public Trustee has actually utilized all affordable efforts to ensure that the pages and other info on this website do not include any incorrect or out-of-date info