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Foreclosures, Bidding & Post Sale Process

Notice of Sale is mailed to all parties with a recorded interest in the property and is published for five consecutive weeks in general circulation newspapers within the county. The Notice of Sale sets out the time and date of the foreclosure sale.

Filing of a bankruptcy by the owner of the property stays the foreclosure until the automatic stay is lifted or the bankruptcy court abandons the property or the bankruptcy case is dismissed or closed. The foreclosure sale extends week to week until the Bankruptcy Court takes action.

Per Colorado State Statutes written bids from the beneficiary (lender) must be received no later than two business days before the Public Trustee Sale. The court takes a separate action from the Public Trustee proceedings and is conducted under Rule120 of the Colorado Rules of Civil Procedure. The only issue addressed in this action is whether there is reasonable probability of default under the Note and Deed of Trust and justification to exercise the Power of Sale allowed the beneficiary in the Deed of Trust.

If a written bid from the lender is not received timely for a foreclosure set to go to sale, the foreclosure sale is continued for at least one week.

A list of all foreclosures going to sale is available for viewing in the office of the Larimer County Public Trustee each Tuesday after 3:00 pm. The sales list may be updated continuously right up to sale time, as sales are continued, withdrawn, stayed by bankruptcy etc. This report is also available online at this website.

Sales are held promptly at 10:00 AM each Wednesday (except Holidays) at 125 S. Howes, Suite 501, Fort Collins, CO.

Parties interested in bidding may begin bidding with at least $1.00 over the lender's bid, which is read aloud at the time of sale. The bidding is competitive and done orally, with the highest bidder getting the Certificate of Purchase.

All funds must be CERTIFIED FUNDS for the FULL amount of your bid must be tendered to the Public Trustee's Office by 1:00 pm the day of the sale. The interest under the Certificate of Purchase is fully assignable. Please consult your legal advisor for clarification of your rights, the rights of the homeowner and other lien holder's rights during the redemption period.

Helpful links for bidders at sale

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