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Prepare beforehand 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 actually been established as an informational tool for citizens. It is not planned to act as legal suggestions
It is your responsibility to do the research before coming to 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 versus the residential or commercial property.
By law, lenders that mean to sell residential or commercial at a foreclosure sale should submit a composed quote to the general public Trustee no later than 12 noon 2 (2) service days prior to the scheduled date of sale.
Talk to the general public Trustee's workplace after 3:00 p.m. on Tuesday (the day before the set up sale date) to discover 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 likewise log onto our Website to acquire the existing Pre-sale list.
You can identify if a bid has been sent 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 have the ability 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 bid will be offered for viewing 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 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 necessary.
If a bid has not been submitted, the sale date might be continued.
You can determine the 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 have an interest in acquiring. Use only one search criteria to get the very best search engine result. The rescheduled sale date will be shown 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 scheduled 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 understand 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 remain and observe the proceedings.
All bidders, other than the foreclosing loan provider, should 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 issued.
The successful bidder should present qualified funds in the quantity of the quote to the general public Trustee office by 2:00 p.m. the day of the sale.

If you are the first, 2nd or 3rd greatest bidder, please supply the general public Trustee with your bidder contact info. In case the first successful bidder defaults on the bid, the subsequent bidders will be called by our workplace. You will have extra time to supply 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 a real 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 proper redemption time. If redemption happens, the Certificate of Purchase holder is paid the quote amount plus interest at the defined rate in the Deed of Trust and Note being foreclosed. Other related expenses permitted by Colorado law are costs to "safeguard and protect" the residential or commercial property.
* JUNIOR LIEN HOLDERS: Any junior lien holder will have 8 company days from the date of sale to file an intent to redeem.
The Certificate of Purchase holder will have 5 organization days to provide 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 submitted, upon the close of the 8th company day after the sale, title to the residential or commercial property offered 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 receipt of all statutory charges and costs, the Public Trustee will execute and tape a Confirmation Deed to the holder of the Certificate of Purchase or, when it comes to 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 general public Trustee has a written policy concerning the conduct of a foreclosure sale.
You are motivated to review the sale policy prior to attendance at the sale for details regarding approaches of payment, necessary kinds and when those types 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 wish to know what a residential or commercial property sold for at auction, you can utilize 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 every 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 actually utilized all affordable efforts to make sure that the pages and other info on this site do not include any unreliable or obsolete information; nevertheless, we can make no warranty or warranties about the precision or timeliness of the data. If you believe any product contained in this website is unreliable, please call 970-870-5555.
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