It is your duty to do research study before pertaining 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 first lien - it might be a 2nd or 3rd lien. The General 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 against 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 may wish to hire somebody to do the research for you.

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

On Tuesday, two days before sale, we will have posted in our office by approximately 2:00 p.m. listing of residential or commercial properties set up to go to sale that week (Thursday). The lender'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 quotes are public information and you may search our foreclosure search, sale information, quote, to see the opening bid quantity. Bids got from the lending institutions might be modified at the time of sale so long as the loan provider'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 until the sale begins Thursday 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 mean to bid on a residential or commercial property, you ought to come to the office about 15 to 20 minutes early to finish a Bidder Information Form (PDF) with your name, address, and so on. This details will be utilized for the Certificate of Purchase, please be sure it is accurate and understandable.

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 somebody aside from yourself or another entity that you do not own or control, you need to have composed permission, a letter of agency notarized pursuant to CRS 15-14-607, and verbally state that your bid is being gotten in on 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 loan provider has sent a bid for $150,000.00, for instance, you must bid at least $150,005.00 in order to be the effective bidder.

You will also be needed to have enough funds with you to bid on the residential or commercial property. Payment of effective bid quantities should be made in the form of an official bank cashier's check or certified check. Checks must be payable only to the "Clear Creek County Public Trustee". We can not accept 3rd party checks. The Public Trustee will strike and offer the residential or commercial property to the effective bidder after bidding has actually ceased and funds have been offered.

Pursuant to laws in result on January 1, 2008 for cases began after that date, the successful bidder will not get an initial Certificate of Purchase at the time of sale. Successful bidders will be offered with a Receipt from the general public Trustee after the sale is finished. A Certificate of Purchase will be released in the name and address of the effective bidder as revealed on your Bidder Information Form and tape-recorded (within 5 company days) by the Public Trustee's workplace and kept in our office 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 simply evidences your investment made at the time of sale.

The Redemption Process:

A junior lien holder has 8 company days after the sale to submit an intent to redeem. The most senior lien might redeem 15 to 19 business days after the sale, however no behind noon the final day. If numerous lien holders submit an intent to redeem, each extra lien holder will receive a five day redemption duration.

If you are called for redemption figures, interest is computed at the rate specified on the note and extra costs are limited to those allowed by statute. Please be prepared to offer receipts for expenditures incurred. Redemption figures must be received within 13 business days after the sale. The statement must define all amounts needed to redeem consisting of the quantity of per diem interest and the rate of interest. The declaration may be changed up till 2 company days before the start of the next relevant redemption duration. Your declaration of redemption need to adhere to 38-38-302 C.R.S.

. If redemption happens, 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 permitted costs as defined 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 required costs, the general public Trustee's office will provide a Confirmation Deed to communicate title to the last redeeming party.

If no Notice of Intent to Redeem is filed and no redemption is made by anybody, you should request, in composing, that our workplace problem your Confirmation Deed, no faster than 15 service days after the sale. You should pay a $30.00 charge, plus recording costs, for issuance of the taped Deed. The Confirmation Deed will be issued by the Public Trustee and taped with the Clerk & Recorder's workplace. 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 bought for more than the overall owed to the lender and to all other lien holders, please contact the general public Trustee's office after the sale since you may have funds due to you.

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