It is your duty to do research study 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 3rd lien. The Public Trustee does not understand 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 understand how to inspect the "condition of title" or the "chain of title" to the residential or commercial property, you might wish to employ someone to do the research study for you.

You can obtain the foreclosure case number for the residential or commercial property by looking it up at our website, Foreclosure Search.

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 lending institution's composed quote is needed to be provided, in composing, to the Public Trustee prior to the publishing of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The bids are public details and you might browse our foreclosure search, sale info, bid, to see the opening quote amount. Bids received from the loan providers might be amended at the time of sale so long as the lender's representative is personally present at sale and re-executes the amended composed quote.

Be encouraged: The lender or its attorney, or the Public Trustee, might pull or continue a residential or commercial property from the sale list at any time up till the sale begins Thursday morning.

Check in on sale day:

The Clear Creek County Public Trustee holds foreclosure sales on Thursday's without delay 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 intend to bid on a residential or commercial property, you must show up at the office about 15 to 20 minutes early to complete a Bidder Information Form (PDF) with your name, address, etc. This info will be used for the Certificate of Purchase, please make certain it is accurate and clear.

Those interested in bidding should 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 aside from yourself or another entity that you do not own or control, you require to have actually composed authorization, a letter of company notarized pursuant to CRS 15-14-607, and verbally state that your quote is being gotten in on behalf of that other individual or entity at the time the quote is made.

Bidding at the sale proceeds in increments of $5.00 - if the lending institution has actually sent a bid for $150,000.00, for example, you need to bid at least $150,005.00 in order to be the effective bidder.

You will likewise be required to have adequate funds with you to bid on the residential or commercial property. Payment of effective bid amounts must be made in the form of a main bank cashier's check or accredited check. Checks should be payable only to the "Clear Creek County Public Trustee". We can not accept 3rd celebration checks. The Public Trustee will strike and sell the residential or commercial property to the effective bidder after bidding has stopped and funds have actually been provided.

Pursuant to laws in impact on January 1, 2008 for cases started 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 revealed on your Bidder Information Form and recorded (within 5 organization days) by the Public Trustee's workplace and retained 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 simply proofs your financial investment made at the time of sale.

The Redemption Process:

A junior lien holder has 8 organization 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 later than twelve noon the last day. If multiple lien holders file an intent to redeem, each additional lien holder will receive a five day redemption duration.

If you are contacted for redemption figures, interest is calculated at the rate defined on the note and extra expenses are limited to those permitted by statute. Please be prepared to offer invoices for costs sustained. Redemption figures should be received within 13 service days after the sale. The declaration needs to specify all amounts required to redeem consisting of the quantity of per diem interest and the rates of interest. The declaration may be changed up till 2 organization days before the start of the next applicable redemption duration. Your statement of redemption should abide by 38-38-302 C.R.S.

. If redemption happens, the Certificate of Purchase holder is paid the quote amount, interest at the rate specified in the Deed of Trust and Note being foreclosed, and any other allowed expenses as defined by Colorado Revised Statutes (invoices must be provided) as offered in C.R.S. 38-38-107 and as included in your redemption declaration. Thereafter, upon composed demand and payment of the required fees, the general public Trustee's workplace will release a Verification 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 must ask for, in writing, that our workplace problem your Confirmation Deed, no faster than 15 company days after the sale. You should pay a $30.00 fee, plus recording costs, for issuance of the tape-recorded Deed. The Confirmation Deed will be provided by the Public Trustee and taped 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 loan provider and to all other lien holders, please contact the general public Trustee's workplace after the sale due to the fact that you might have funds due to you.

The general public Trustee's workplace does not provide legal advice and we do refrain from doing any expulsion proceedings. Once the Confirmation Deed is released by this workplace and recorded, the general public Trustee's file is closed.