It is your obligation to do research 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 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 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 examine 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 acquire 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 posted in our office by roughly 2:00 p.m. listing of residential or commercial properties arranged to go to sale that week (Thursday). The loan provider's composed bid 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 quotes are public info and you might search our foreclosure search, sale info, quote, to see the opening bid amount. Bids received from the lending institutions may be amended at the time of sale so long as the loan provider's representative is personally present at sale and re-executes the changed composed bid.

Be advised: The lender 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 until the sale starts Thursday morning.

Sign 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 ought to show up at the workplace about 15 to 20 minutes early to finish a Bidder Information Form (PDF) with your name, address, and so on. This info will be utilized for the Certificate of Purchase, please be sure it is accurate and readable.

Those thinking about bidding should personally go to 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 actually composed permission, a letter of agency 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 continues in increments of $5.00 - if the lender has actually submitted a bid for $150,000.00, for instance, you need to bid at least $150,005.00 in order to be the effective bidder.

You will likewise be required to have sufficient funds with you to bid on the residential or commercial property. Payment of successful bid quantities need to be made in the form 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 sell the residential or commercial property to the effective bidder after bidding has stopped and funds have been supplied.

to laws in result on January 1, 2008 for cases began after that date, the successful bidder will not get an original Certificate of Purchase at the time of sale. Successful bidders will be supplied with an Invoice from the Public Trustee after the sale is completed. A Certificate of Purchase will be released 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 workplace 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 transfer title to you, it merely 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 company days after the sale, however no later than twelve noon the final 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 computed at the rate defined on the note and extra costs are restricted to those permitted by statute. Please be prepared to offer receipts for expenses incurred. Redemption figures should be received within 13 company days after the sale. The declaration must define all amounts required to redeem including the amount of per diem interest and the interest rate. The declaration might be amended up till 2 service days before the start of the next relevant redemption period. Your declaration of redemption should comply with 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 specified by Colorado Revised Statutes (invoices should be supplied) as offered in C.R.S. 38-38-107 and as included in your redemption declaration. Thereafter, upon composed demand and payment of the needed costs, the general public Trustee's workplace will issue a Confirmation Deed to communicate title to the last redeeming party.

If no Notice of Intent to Redeem is submitted and no redemption is made by anybody, you need to request, in writing, that our office concern your Confirmation Deed, no earlier than 15 company days after the sale. You need to pay a $30.00 charge, plus recording expenses, for issuance of the taped Deed. The Confirmation Deed will be provided 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 total owed to the loan provider and to all other lien holders, please contact the general public Trustee's workplace after the sale because you may have funds due to you.

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