Public Trustee foreclosure sales are scheduled for Wednesdays at 10 a.m., in the Public Trustee's office. They are advertised in The Herald Times with the specific information for each property. Please call the day before the sale to see if it is still scheduled and if we have the opening bid amount from the attorney.
The sale is an in-person auction, anyone can bid over the opening bid amount. 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.
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.
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 calendar days before the scheduled sale date.
Contact an attorney for assistance.
SCAM ALERT from the Colorado Attorney General's office: