It is your duty to do research study before concerning the sale to bid on a residential or commercial property. The general public Trustee can not and does not ensure that the deed of trust being foreclosed is a very first lien - it could be a 2nd 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 been paid or if there are any other liens against 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 wish to work with somebody 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 website, Foreclosure Search.

On Tuesday, 2 days before sale, we will have published in our workplace 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 needed to be offered, in writing, to the general public Trustee prior to the posting of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The quotes are public info and you may search our foreclosure search, sale details, bid, to see the opening quote quantity. Bids received from the lenders may be amended at the time of sale so long as the lending institution's representative is personally present at sale and re-executes the changed written bid.

Be advised: The lending institution or its attorney, or the general public Trustee, might pull or continue a residential or commercial property from the sale list at any time up till the sale starts Thursday early morning.

Sign in on sale day:

The Clear Creek County Public Trustee holds foreclosure sales on Thursday's quickly 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 need to get here at the office 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 make sure it is precise and clear.

Those thinking about bidding must personally participate in the sale. We do not take over-bids by phone, fax or e-mail. If you are at the sale to bid on behalf of somebody other than yourself or another entity that you do not own or control, you need 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 person or entity at the time the bid is made.

Bidding at the sale continues in increments of $5.00 - if the lender has 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 enough funds with you to bid on the residential or commercial property. Payment of successful bid quantities should be made in the form 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 third party checks. The general public Trustee will strike and offer the residential or commercial property to the effective bidder after bidding has stopped and funds have actually been offered.

Pursuant to laws in result on January 1, 2008 for cases started after that date, the effective bidder will not get an original Certificate of Purchase at the time of sale. Successful bidders will be offered with an Invoice from the Public Trustee after the sale is finished. A Certificate of Purchase will be provided in the name and address of the successful bidder as shown on your Bidder Information Form and tape-recorded (within 5 organization days) by the Public Trustee's workplace and retained in our workplace records.

As the grantee 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 move title to you, it merely evidences your financial investment made at the time of sale.

The Redemption Process:

A junior lien holder has 8 business days after the sale to submit an intent to redeem. The most senior lien might redeem 15 to 19 company days after the sale, however no later than midday the last day. If numerous lien holders submit an intent to redeem, each extra lien holder will get a 5 day redemption duration.

If you are contacted for redemption figures, interest is computed at the rate specified on the note and extra expenditures are limited to those allowed by statute. Please be prepared to supply receipts for expenses incurred. Redemption figures must be received within 13 organization days after the sale. The declaration needs to define all amounts needed to redeem consisting of the amount of per diem interest and the rate of interest. The statement may be modified up until 2 organization days before the start of the next suitable redemption duration. Your statement of redemption should comply with 38-38-302 C.R.S.

. If redemption happens, the Certificate of Purchase holder is paid the bid quantity, interest at the rate specified in the Deed of Trust and Note being foreclosed, and any other permitted costs as specified by Colorado Revised Statutes (invoices should be supplied) 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 Public Trustee's workplace will provide 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 need to ask for, in composing, that our workplace concern your Confirmation Deed, no faster than 15 business days after the sale. You must pay a $30.00 cost, plus recording costs, for issuance of the taped Deed. The Confirmation Deed will be released by the Public Trustee and 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 acquired for more than the overall owed to the loan provider and to all other lien holders, please contact the general public Trustee's office after the sale since you might have funds due to you.

The Public Trustee's office does not offer legal suggestions and we do not do any expulsion proceedings. Once the Confirmation Deed is provided by this office and tape-recorded, the general public Trustee's file is closed.