It is your duty to do research before concerning the sale to bid on a residential or commercial property. The Public Trustee can not and does not ensure that the deed of trust being foreclosed is a first lien - it might be a second or third 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 been paid or if there are any other liens against the residential or commercial property. If you do not understand how to check the "condition of title" or the "chain of title" to the residential or commercial property, you might wish to work with 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.

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 scheduled to go to sale that week (Thursday). The loan provider's composed quote is required to be supplied, in composing, to the general public Trustee prior to the publishing of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The bids are public details and you may search our foreclosure search, sale details, bid, to see the opening quote quantity. Bids received from the lenders might be changed at the time of sale so long as the lender's agent is personally present at sale and re-executes the changed composed quote.

Be advised: The lending institution 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 begins Thursday morning.

Sign 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 ought to come 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 understandable.

Those interested in bidding should personally participate in 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 besides yourself or another entity that you do not own or control, you require to have actually composed permission, a letter of firm notarized pursuant to CRS 15-14-607, and verbally state that your quote is being entered upon behalf of that other individual or entity at the time the bid is made.

Bidding at the sale proceeds in increments of $5.00 - if the lending institution has actually submitted a bid for $150,000.00, for instance, you should bid at least $150,005.00 in order to be the successful bidder.

You will likewise be needed to have sufficient funds with you to bid on the residential or commercial property. Payment of effective quote amounts need to be made in the type of an official bank cashier's check or certified check. Checks must be payable only to the "Clear Creek County Public Trustee". We can decline 3rd party checks. The Public Trustee will strike and sell the residential or commercial property to the effective bidder after bidding has actually stopped and funds have been supplied.

Pursuant to laws in effect on January 1, 2008 for cases began after that date, the effective bidder will not get an original Certificate of Purchase at the time of sale. Successful bidders will be supplied with an Invoice from the general public Trustee after the sale is completed. A Certificate of Purchase will be issued in the name and address of the effective bidder as revealed on your Bidder Information Form and recorded (within 5 company days) by the Public Trustee's office and kept in our office records.

As the grantee 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 financial investment made at the time of sale.

The Redemption Process:

A junior lien holder has 8 service days after the sale to submit an intent to redeem. The most senior lien may redeem 15 to 19 business days after the sale, but no later than noon the final day. If multiple lien holders file an intent to redeem, each additional lien holder will receive a 5 day redemption duration.

If you are gotten in touch with for redemption figures, interest is calculated at the rate defined on the note and extra costs are limited to those allowed by statute. Please be prepared to provide invoices for expenses incurred. Redemption figures should be gotten within 13 organization days after the sale. The declaration needs to specify all sums required to redeem including the quantity of daily interest and the interest rate. The declaration might be amended up until 2 organization days before the start of the next relevant redemption duration. Your statement of redemption need to abide by 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 allowable expenses as defined by Colorado Revised Statutes (receipts need to be provided) as offered in C.R.S. 38-38-107 and as consisted of in your redemption declaration. Thereafter, upon composed request and payment of the required charges, the Public Trustee's office will provide a Confirmation Deed to communicate title to the last redeeming party.

If no Notice of Intent to Redeem is filed and no redemption is made by anyone, you must request, in composing, that our workplace concern your Confirmation Deed, no earlier than 15 organization days after the sale. You must pay a $30.00 cost, plus recording expenses, for issuance of the taped 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 total owed to the lender and to all other lien holders, please contact the general public Trustee's office after the sale since you may have funds due to you.

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