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Eagle County foreclosure sales are held at 500 Broadway in Eagle (the main Eagle County building). Sales take place every Wednesday at 10 a.m.
In order for a property to be offered at the foreclosure sale, the Public Trustee must receive the sale documents from the lender by 12 p.m. (noon), two business days before the sale. The Current Week’s Auction List is posted every Monday afternoon. This list will show the detail, including the starting bid, for each property offered for sale that week.
**Note: Our bidding policy will change effective September 1, 2013! Please review the new bidding policy by clicking on the link below. This policy takes effect September 1, 2013.**
Parties interested in bidding on a property must register in the Public Trustee's office by 9:45 a.m., and must present proof of availability of funds (bidders must have a certified check for their bid amount made payable to the Eagle County Public Trustee). Bidding begins at $1 more than the starting bid that is read aloud at the sale by the Public Trustee. Subsequent bids are accepted in $500 increments above the previous bid (the second bid will be rounded up to the next $500 increment). Bids cannot advance the prior bid by more than $5,000. The bidding is competitive and done orally with the highest bidder winning. Once the successful bidder has submitted the funds, the Public Trustee’s office will issue an Original Certificate of Purchase to be recorded in the Clerk and Recorder's office. Wire transfers are accepted as a form of payment - see bidding policy below for instructions. Large cash payments will be reported to the IRS and we require the completion of all necessary IRS forms (available in our office).
Bidder Registration Form
Once the sale has concluded, the redemption notice period begins. Under Colorado statute, junior lienholders have the right to redeem a senior lien if they have an interest in the property*. Junior lienholders interested in redeeming a foreclosed lien can file a Notice of Intent to Redeem with the Public Trustee within eight business days of the sale. The written intent to redeem must be submitted to the Public Trustee’s office along with the original recorded lien. The fee for lienholders to file an Intent to Redeem is $50. If no Intent to Redeem is filed, the Certificate of Purchase holder may request a deed on the ninth business day after the sale. If our office receives an Intent to Redeem, the Redemption Period will begin 15 business days from the date of the sale. Each junior lienholder filing an Intent to Redeem will have five business days, in the order of their lien, to submit funds to redeem. For example, the filing lienholder in the first position would have from business day 15 through noon on business day 19 to submit funds. A filing lienholder in second position would have business day 20 through noon on business day 24.
If you are a Homeowner's Association planning to file a Notice of Intent to Redeem with our office, please see our Policy on the Redemption of HOA liens.
At the expiration of all redemption periods, the Certificate of Purchase holder/Certificate of Redemption holder may apply for a Confirmation Deed. The cost for producing and recording a Confirmation Deed is $41 for the first page, and $5 for each additional page (if applicable). The Confirmation Deed is the public record of the title transfer to the new owner.
Investors and Junior Lienholders can view the redemption status for any file in our foreclosure database. If you have not previously used our foreclosure database, you may view our website tutorial.