On Monday afternoons, we post in our office and our website a "preliminary" pre-sale list. The Monday list is not complete and is subject to change.
On Tuesday, the day before sale, we will have posted in our office by approximately 4 p.m. a more finalized listing of properties scheduled to go to sale on Wednesday. That listing is also available for inspection in the Public Trustee's Office at 10 a.m. on Wednesday morning.
The pre-sale list shows:
- Foreclosure number
- Amount of the lender's written bid
- Any deficiencies
- Borrower(s) name
- Current lender's name
- Legal description and street address of the property
- Publication dates and newspaper
The lenders written bid is required to be provided, in writing, to the public trustee prior to the posting of the pre-sale list. The bids are public information and you may purchase a copy of the written bid from the Public Trustee's Office.
The lender, its attorney, or the public trustee, may pull or continue a property from the sale list at any time up until the sale begins Wednesday morning. Some of the reasons for a property to be pulled or continued are that a bankruptcy was filed by the owner / borrower, or the lender has asked for a continuance of the sale.
Bids received from the lenders may be amended at the time of sale so long as the lender's representative is personally present at sale and re-executes the amended written bid.
Prepare in Advance
It is your responsibility to do research before coming to the sale to bid on a property. The public trustee cannot and does not guaranty that the deed of trust being foreclosed is a first lien – it could be a second or third lien. The public trustee does not know if the property taxes or assessments have been paid or if there are any other liens against the property. If you do not know how to check the "condition of title" or the "chain of title" to the property, you may wish to hire someone to do the research for you.
You can obtain the foreclosure case number for the property by looking it up at the Public Trustee Office.
Condition of Properties
The public trustee does not know the physical condition of any of the properties. You would be wise to drive by any property of interest to you to see what it looks like. You cannot gain access to the inside of the property unless you are granted specific permission by the owner.
Check-in on Sale Day
The Gunnison County Public Trustee holds foreclosure sales on Wednesday's promptly at 10 a.m., unless the Tuesday before sale or the Wednesday sale date is a holiday. Sales are held at:
221 N. Wisconsin Street
Gunnison, CO 81230
If you intend to bid on a property, you must arrive at the office at least 15 minutes prior to the 10 a.m. sale start time. You are required to complete a check-in form with your name, address, etc.
Completion of the form does not obligate you to bid, but a form needs to be completed for each of the properties on which you may bid. The form must be completed before the sale begins at 10 a.m. or you will not be able to bid at that day's sale.