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1. My mortgage has been paid off, how is the release handled?

Generally, your mortgage company will present the information pertaining to your paid-off loan to the Public Trustee for release. After recording the release, this lien will no longer be attached to your property. If a mailing address is provided by your mortgage company at this time, the release will be returned to you.

2. I want to purchase a property at the sale, what is the process?

Public Trustee sales are scheduled for Wednesday at 10 a.m., in the Public Trustee's office. Please call the day before the sale to see if it is still scheduled. The sale is an auction, anyone can bid over the opening-bid amount that is submitted by the lender. If you are the successful bidder, you must be prepared to tender certified funds by noon on the day of the sale. If funds are not timely received, the sale will be awarded to the next successful bidder. A Certificate of Purchase will be issued to the successful bidder. After the end of all redemption periods, a Confirmation Deed will be issued to the holder of the Certificate of Purchase.

3. What are some of the costs of the Public Trustee?

Fees are typically submitted to the Public Trustee by the lender for releases, or by the attorney for foreclosure. Below is a list of some of the fees: - Certificate of Redemption: $43 - Confirmation Deed: $43 - Curing Default (Withdrawal): $48 for 1 page - Release of Deed of Trust: $28 for 1 page release; $5 for each additional page - Start of Foreclosure: Up to $500 The Public Trustee has many other fees, depending on the function performed. All fees and costs are set by Colorado State Statute.

4. My home is going to be foreclosed, what should I do?

Contact the Colorado Foreclosure Hotline, at 1-877-601-HOPE. This is a free service for homeowners who have missed a payment or are in danger of foreclosure. The Colorado Foreclosure Hotline connects homeowners with trained professional housing counselors. These counselors will help borrowers understand their options while working with the borrower and the lender to help avoid foreclosure. Call toll-free at 1-877-601-HOPE. From the Colorado Attorney General's office: You might receive offers of "help" from complete strangers in the mail, over the telephone, and at your door. Some of these people may attempt to steal the equity you have built up in your home. Don't sign any documents until you have had time to review them carefully. Contact a HUD-approved housing counselor or a private attorney to help you review and understand the documents. Remember - Any kind of "Deed" (warranty deed or quit claim deed) means you are selling your home. Contact your lender, explain your financial situation, and work out a payment plan. A foreclosure against your home officially begins when a document called a "Notice of Election and Demand" is recorded. You will receive formal notice of this document from your Public Trustee. The foreclosure sale of your property will take place between 110 and 125 calendar days (for non-agricultural property) after the Notice is recorded. The law gives you the right to bring your loan current to stop the foreclosure. To do this, you must file a Notice of Intent to Cure with your Public Trustee at least 15 days before the scheduled sale date. Contact the Public Trustee's office for further information or contact your private attorney for assistance.