It is your obligation to do research before pertaining 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 very first lien - it could be a 2nd 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 evaluations have been paid or if there are any other liens versus the residential or commercial property. If you do not understand how to examine the "condition of title" or the "chain of title" to the residential or commercial property, you might want to employ somebody to do the research for you.

You can obtain 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 posted in our by approximately 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 required to be offered, in writing, to the Public Trustee prior to the posting of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The quotes are public information and you might search our foreclosure search, sale information, quote, to see the opening quote quantity. Bids got from the lending institutions may be changed at the time of sale so long as the loan provider's representative is personally present at sale and re-executes the amended composed bid.

Be recommended: 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 until the sale starts Thursday early 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 intend to bid on a residential or commercial property, you must come to the workplace about 15 to 20 minutes early to complete a Bidder Information Form (PDF) with your name, address, etc. This information will be utilized for the Certificate of Purchase, please be sure it is precise and legible.

Those interested in bidding must personally attend 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 somebody aside from yourself or another entity that you do not own or control, you require to have written 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 person or entity at the time the quote is made.

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

You will also 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 kind 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 decline 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 been provided.

Pursuant to laws in impact 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 a Receipt from the Public Trustee after the sale is finished. A Certificate of Purchase will be issued in the name and address of the successful bidder as shown on your Bidder Information Form and recorded (within 5 business days) by the Public Trustee's office and retained in our office records.

As the beneficiary called 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 transfer title to you, it simply evidences your investment made at the time of sale.

The Redemption Process:

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

If you are contacted for redemption figures, interest is calculated at the rate specified on the note and extra expenditures are limited to those enabled by statute. Please be prepared to provide invoices for expenses incurred. Redemption figures must be gotten within 13 organization days after the sale. The statement needs to define all sums needed to redeem including the amount of per diem interest and the interest rate. The statement may be modified up till 2 business days before the start of the next relevant redemption duration. Your declaration of redemption should abide by 38-38-302 C.R.S.

. If redemption happens, the Certificate of Purchase holder is paid the quote quantity, interest at the rate defined in the Deed of Trust and Note being foreclosed, and any other allowable costs as defined by Colorado Revised Statutes (receipts need to be supplied) as provided in C.R.S. 38-38-107 and as consisted of in your redemption statement. Thereafter, upon composed request and payment of the required costs, the Public Trustee's office will issue a Confirmation Deed to communicate title to the last redeeming celebration.

If no Notice of Intent to Redeem is filed and no redemption is made by anyone, you must ask for, in writing, that our office issue your Confirmation Deed, no faster than 15 company days after the sale. You should pay a $30.00 fee, 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 workplace. 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 total owed to the loan provider 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 guidance and we do refrain from doing any expulsion procedures. Once the Confirmation Deed is provided by this workplace and tape-recorded, the general public Trustee's file is closed.