It is your responsibility to do research before coming to 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 first lien - it might be a 2nd 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 know how to check the “condition of title” or the “chain of title” to the residential or commercial property, you may want to hire someone to do the research study for you.

You can get the foreclosure case number for the residential or commercial property by looking it up at our site, Foreclosure Search.
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On Tuesday, 2 days before sale, we will have published in our workplace by roughly 2:00 p.m. listing of residential or commercial properties scheduled to go to sale that week (Thursday). The loan provider’s composed quote is required to be offered, in composing, 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 might browse our foreclosure search, sale information, bid, to see the opening quote quantity. Bids got from the lenders might be amended 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 encouraged: The lender or its attorney, or the general public Trustee, may pull or continue a residential or commercial property from the sale list at any time up till the sale begins Thursday early morning.

Check in on sale day:

The Clear Creek County Public Trustee holds foreclosure sales on Thursday’s promptly 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 must get to the workplace about 15 to 20 minutes early to finish a Bidder Information Form (PDF) with your name, address, and so on. This information will be utilized for the Certificate of Purchase, please make certain it is accurate and legible.

Those interested in bidding needs to personally attend the sale. We do not take over-bids by phone, fax or email. If you are appearing at the sale to bid on behalf of someone other than yourself or another entity that you do not own or control, you need to have 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 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 need to bid a minimum of $150,005.00 in order to be the successful bidder.

You will also be needed to have sufficient 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 need to be payable only 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 actually ceased and funds have actually been supplied.

to laws in result on January 1, 2008 for cases began after that date, the successful bidder will not get an original Certificate of Purchase at the time of sale. Successful bidders will be offered with an Invoice from the general public Trustee after the sale is completed. A Certificate of Purchase will be released in the name and address of the effective bidder as shown on your Bidder Information Form and tape-recorded (within 5 business days) by the Public Trustee’s office and kept in our office records.

As the beneficiary named in the Certificate of Purchase, you do not have immediate right of access to the residential or commercial property. A Certificate of Purchase does not move title to you, it merely proofs your investment made at the time of sale.

The Redemption Process:

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

If you are called for redemption figures, interest is calculated at the rate specified on the note and additional expenditures are limited to those permitted by statute. Please be prepared to supply invoices for costs sustained. Redemption figures should be gotten within 13 organization days after the sale. The declaration must define all sums needed to redeem including the amount of per diem interest and the rates of interest. The declaration might be changed up until 2 business days before the start of the next applicable redemption duration. Your statement of redemption should adhere to 38-38-302 C.R.S.

. If redemption takes place, the Certificate of Purchase holder is paid the bid amount, interest at the rate defined in the Deed of Trust and Note being foreclosed, and any other allowed costs as specified by Colorado Revised Statutes (receipts need to be provided) as offered in C.R.S. 38-38-107 and as included in your redemption statement. Thereafter, upon written demand and payment of the needed charges, the general public Trustee’s office will release a Confirmation Deed to convey title to the last redeeming celebration.

If no Notice of Intent to Redeem is filed and no redemption is made by anybody, you need to ask for, in composing, that our workplace concern your Confirmation Deed, no quicker than 15 service days after the sale. You should pay a $30.00 fee, plus recording costs, for issuance of the recorded Deed. The Confirmation Deed shall be released by the Public Trustee and tape-recorded with the Clerk & Recorder’s office. If you are the grantee 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 office after the sale because you might have funds due to you.

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