It is your obligation to do research study before concerning the sale to bid on a residential or commercial property. The Public Trustee can not and does not guarantee that the deed of trust being foreclosed is a very first lien - it could be a second or 3rd lien. The Public Trustee does not know the condition of the residential or commercial property, or if the residential or commercial property taxes or assessments have actually been paid or if there are any other liens versus the residential or commercial property. If you do not know how to examine the “condition of title” or the “chain of title” to the residential or commercial property, you may want to work with someone 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 site, Foreclosure Search.

On Tuesday, 2 days before sale, we will have published in our workplace by around 2:00 p.m. listing of residential or commercial properties arranged to go to sale that week (Thursday). The lending institution’s composed quote is needed to be provided, in writing, to the Public Trustee prior to the publishing of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The quotes are public details and you may search our foreclosure search, sale information, quote, to see the opening quote amount. Bids got from the lenders might be changed at the time of sale so long as the lending institution’s agent is personally present at sale and re-executes the changed composed quote.

Be recommended: The loan provider or its attorney, or the Public Trustee, might pull or continue a residential 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 immediately 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 mean to bid on a residential or commercial property, you ought to reach the workplace about 15 to 20 minutes early to complete a Bidder Information Form (PDF) with your name, address, and so on. This info will be utilized for the Certificate of Purchase, please make certain it is accurate and clear.

Those thinking about bidding must 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 someone aside from yourself or another entity that you do not own or control, you need to have actually written authorization, a letter of agency notarized pursuant to CRS 15-14-607, and verbally state that your bid is being entered on behalf of that other person or entity at the time the quote is made.

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

You will also be required to have enough funds with you to bid on the residential or commercial property. Payment of successful bid amounts should be made in the type of a main bank cashier’s check or licensed check. Checks should be payable only to the “Clear Creek County Public Trustee”. We can decline 3rd party checks. The general public Trustee will strike and sell the residential or commercial property to the successful bidder after bidding has actually ceased and funds have been offered.

Pursuant to laws in result on January 1, 2008 for cases started after that date, the successful bidder will not get an initial Certificate of Purchase at the time of sale. Successful bidders will be provided with a Receipt from the general public Trustee after the sale is finished. A Certificate of Purchase will be issued in the name and address of the effective bidder as revealed on your Bidder Information Form and tape-recorded (within 5 service days) by the Public Trustee’s workplace 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 proofs 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 company days after the sale, but no behind midday the final day. If numerous lien holders file an intent to redeem, each extra lien holder will get a 5 day redemption period.

If you are called for redemption figures, interest is computed at the rate specified on the note and extra expenses are limited to those permitted by statute. Please be prepared to supply invoices for expenses sustained. Redemption figures need to be received within 13 service days after the sale. The declaration needs to specify all amounts required to redeem consisting of the amount of daily interest and the interest rate. The declaration might be changed up until 2 company days before the start of the next relevant redemption period. Your declaration of redemption should adhere to 38-38-302 C.R.S.

. If redemption takes place, the Certificate of Purchase holder is paid the bid quantity, interest at the rate defined in the Deed of Trust and Note being foreclosed, and any other allowed costs as defined by Colorado Revised Statutes (invoices should be provided) as offered in C.R.S. 38-38-107 and as consisted of in your redemption declaration. Thereafter, upon written demand and of the needed charges, the general 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 filed and no redemption is made by anyone, you should ask for, in composing, that our workplace concern your Confirmation Deed, no faster than 15 organization days after the sale. You need to pay a $30.00 charge, plus recording costs, for issuance of the recorded Deed. The Confirmation Deed will be released by the Public Trustee and tape-recorded with the Clerk & Recorder’s office. 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 bought for more than the overall owed to the lender and to all other lien holders, please contact the Public Trustee’s workplace after the sale because you might have funds due to you.

The Public Trustee’s office does not supply legal advice and we do not do any eviction procedures. Once the Confirmation Deed is released by this workplace and tape-recorded, the general public Trustee’s file is closed.