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Foreclosure Information
If a borrower defaults on some provision of the Deed of Trust, such as not keeping the payments current, not paying the property taxes, or not keeping the property insured, the lender may elect to foreclose on the Deed of Trust. When this occurs, a sale notice is published and sent to all interested parties. If the default is not cured before the scheduled sale date, the property is auctioned off to the highest bidder. If the property is not redeemed from the sale, a deed will be issued to the buyer. Below is a timetable for a standard foreclosure.

 Foreclosure Action Time Frame 
 Foreclosure filed with Public Trustee  Anytime after a default occurs
 Foreclosure Sale Date*  Not less than 110 days nor more than
125 days from initial filing
Lienor Redemption from Sale (non-agricultural)  15 to 19 business days from date of sale.
Each subsequent Lienor has 5 business days to redeem
 Deed issued  After the expiration of all redemption periods or 8 business days whichever is longer
   
 
*Sales may be continued by the foreclosing party. Before any foreclosure sale may be held, an Order Authorizing Sale must be signed by a District Court Judge.

Bidding at a Foreclosure Sale


THIS BRIEF EXPLANATION IS ONLY A GUIDELINE. WE URGE YOU TO SEEK THE ADVICE OF LEGAL COUNSEL IF YOU ARE INTERESTED IN PARTICIPATING IN PUBLIC TRUSTEE SALES.

BE FAMILIAR WITH THE STATUTES UNDER TITLE 38 OF COLORADO REVISED STATUTES GOVERNING THE PUBLIC TRUSTEE AND FORECLOSURES OF DEEDS OF TRUSTS.

The information in foreclosure files is public information. However our staff does not perform research for interested parties. You will be required to come into our office to obtain details on specific files. For general information concerning active files go back to Foreclosure Property Search.


PRIOR TO THE SALE

Combined Notices are published as Legal Notices (classified section) in the Thursday edition of the Broomfield Enterprise. The ads run for five consecutive weeks before the sale. The sale date shown in the ad 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. Notices of continuance are not published in the paper. This information is announced on the scheduled sale dates and is normally available in our files after 2 p.m. on Monday afternoon. The initial bid, submitted by the foreclosing lender, is also available in our files after 2 p.m. the Monday before the sale.


NOTICE TO AN OWNER IN FORECLOSURE:  If your property goes to foreclosure auction sale and is purchased for more than the total owed to the lender and to all other lien holders, please contact the public trustee's office after the sale because you may have funds due to you.