Rules for Bidding at a
Colorado Public Trustee Sale
PRIOR TO SALE: Notices of Sale are emailed to you
each Wednesday night. The sale date shown in the data is the
first scheduled sale date for the property; the property will not be
sold before this date. However, sale dates can be postponed (or
"continued") at the discretion of the foreclosing party.
PUBLIC TRUSTEE
SALE: Sales are held promptly at 10:00 am each Thursday for Denver
County and Wednesday for the other Boulder-Denver-metro counties.
Summit County holds their sales on
Fridays. The bidding begins with the initial bid offered by
the foreclosing lender. (Sucessful bid information is emailed to you
every Wednesday night).
If you are the
highest bidder you must tender funds for the total amount of your
bid to the office of the Public Trustee. Call the county to find out
what time the funds are due, which forms they require and if they
have additional rules for bidding.
Title to the
property does NOT transfer at the time of sale. The highest bidder
is issued a Certificate of Purchase, which grants the holder rights
to a Public Trustee's Deed at the end of all redemption periods. A
Duplicate Certificate of Purchase will be recorded at the Clerk and
Recorder's office and held in their file.
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