It is your duty to do research before coming to 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 might be a 2nd or 3rd 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 actually been paid or if there are any other liens against the residential or commercial property. If you do not know 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 get the foreclosure case number for the residential or commercial property by looking it up at our website, Foreclosure Search.

On Tuesday, two days before sale, we will have published in our workplace by approximately 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 required to be provided, in writing, to the Public Trustee prior to the posting of the Pre-Sale Continuance List (foreclosure search, foreclosure reports). The bids are public info and you might browse our foreclosure search, sale info, bid, to see the opening quote quantity. Bids received from the lending institutions 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 bid.

Be encouraged: The loan provider 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 until the sale starts Thursday early morning.

Check in on sale day:

The Clear Creek County Public Trustee holds foreclosure sales on Thursday's immediately 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, etc. This information will be utilized for the Certificate of Purchase, please be sure it is accurate and readable.

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 need to have composed permission, a letter of company notarized pursuant to CRS 15-14-607, and verbally state that your bid is being entered upon 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 submitted a quote for $150,000.00, for instance, you need to bid a minimum of $150,005.00 in order to be the effective bidder.

You will likewise be needed to have enough funds with you to bid on the residential or commercial property. Payment of effective quote amounts should be made in the type of an official bank cashier's check or accredited check. Checks need to be payable just to the "Clear Creek County Public Trustee". We can decline 3rd party checks. The general public Trustee will strike and offer the residential or commercial property to the successful bidder after bidding has actually ceased and funds have actually been offered.

Pursuant to laws in result on January 1, 2008 for cases began after that date, the effective bidder will not get an initial 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 finished. A Certificate of Purchase will be provided in the name and address of the effective bidder as shown on your Bidder Information Form and recorded (within 5 company days) by the Public Trustee's workplace and kept 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 transfer title to you, it simply proofs your 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 behind twelve noon the last day. If multiple 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 additional expenses are restricted to those permitted by statute. Please be prepared to provide invoices for costs incurred. Redemption figures need to be received within 13 organization days after the sale. The declaration needs to specify all sums needed to redeem including the amount of per diem interest and the interest rate. The declaration might be changed 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 takes place, 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 specified by Colorado Revised Statutes (invoices need to be provided) as provided in C.R.S. 38-38-107 and as consisted of in your redemption statement. Thereafter, upon written demand and payment of the needed charges, the Public Trustee's office will release 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 request, in writing, that our workplace issue your Confirmation Deed, no earlier than 15 company days after the sale. You must pay a $30.00 fee, plus recording costs, for issuance of the taped Deed. The Confirmation Deed will be issued by the and taped 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 lending institution and to all other lien holders, please contact the Public Trustee's workplace after the sale due to the fact that you may have funds due to you.

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