• It is your responsibility to do the research before coming to the sale. The Public Trustee does not guarantee that the deed being foreclosed on is a first lien. The Public Trustee does not know if the taxes have been paid or if there are other liens against the property.
  • Obtain the foreclosure sale number of the property by looking it up at the Public Trustee’s office, obtaining it from either the Colorado Chieftain or Colorado Tribune.
  • Come to the Public Trustee’s office (or visit our website)after 2:00 PM on Monday (Two Business days prior to the scheduled sale date) to find out what the lender’s minimum bid will be at the sale (these figures may change).
  • If you are doing a wire transfer, the funds must be deposited in the Public Trustee account before the sale. If you are not the successful bidder, a refund check will be issued to you. If you are the successful bidder and the deposit was over the amount needed, you will be issued a refund check.
  • Public Trustee foreclosure sales are held on Wednesdays, promptly, at 10:00 am in the Office of the Public Trustee located at 215 W. 10th Street, Room 110 Pueblo, CO 81003.
  • Depending on the number of pieces of property, the Public Trustee may have you sign in and indicate the sale number you will be bidding on. Request a Bidder Information Sheet from the Public Trustee.
  • The bid must be for $100.00 over the beginning bid amount.
  • If you wish to bid but can not be present, your representative must provide a document authorizing him/her to represent you at the sale and authorizing you to bid on his/her behalf. If you are the successful bidder, please have the Bidder Information Sheet ready for the Public Trustee.
  • If the name on the Certificate of Purchase is different from the person bidding, please provide the exact name of the person in which the Certificate of Purchase is to be issued.
  • If you are the second highest bidder, please provide the Public Trustee with your Bidder Information Sheet in case the successful bidder defaults on the bid. You will be contacted immediately and you will have until 2:00 pm to provide the funds to the Public Trustee.
  • The successful bidder must present certified funds or cash in the amount of the bid to the Public Trustee office by 12:00 noon the day of the sale.
  • The successful bidder will be issued a Certificate of Purchase to hold until all redemption periods have expired.
  • Each sale can be redeemed by other lien holders during their appropriate redemption time. If redemption occurs, the Certificate of Purchase holder is paid the bid amount plus interest at the specified rate in the Deed of Trust and Note being foreclosed on. Other related expenses allowed by Colorado law are costs to “protect and secure” the property. Colorado law does not allow costs of “doing business” (Colorado Revised Statute 38-38-301).
  • Should there be no redemption, the holder of the Certificate of Purchase will exchange that document for a Confirmation Deed confirming his ownership of the property.