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- Foreclosures
Foreclosures
Legal Definition
Foreclosure is the act of selling, by legal proceedings, real property to satisfy the obligations of the landowner to a third party. It is the procedure whereby property pledged as security, as a deed of trust, is sold to pay the debt in the event of default in payment.
In Colorado, the deed of trust that secures the debt is an agreement between three parties: the Grantor (owner), the Beneficiary (lender) and the Public Trustee (who has the power of sale--right to sell property at public auction in the event of default).
The Public Trustee's Role
The Public Trustee, by law, serves as the neutral, intermediate party between the lender and the borrower to assure that each party can exercise its legal rights in a foreclosure action. The Public Trustee is not an attorney and cannot provide legal advice to any parties involved in the foreclosure action.
The procedure for conducting the foreclosure is set by Colorado Revised Statutes, Title 38, Articles 37 and 38.
Foreclosure Listings, Continuance Listings and the Pre-Sale List are available online.
Contact Us
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Su Ryden, Public Trustee
PUBLIC TRUSTEE OFFICE
1610 W. Littleton Blvd., Ste. 150
Littleton, CO 80120
Email:
eforeclosures@arapahoegov.com
Ph: 303-730-0071
Fx: 303-730-0076
Relay Colorado: 711
Hours
Monday - Friday
8 a.m. - 4:30 p.m.
NOTICE: Our office will be closed:
Mon. May 27, 2019--Memorial Day
Thu. July 4, 2019--Independence Day
Mon. Sep. 2, 2019--Labor Day
Mon. Oct. 14, 2019--Columbus Day
Mon. Nov. 11, 2019--Veterans Day
Thu. Nov. 28 & Fri. Nov. 29, 2019--Thanksgiving
Tue. Dec. 24 & Wed. Dec. 25, 2019--Christmas
Wed. Jan. 1, 2020--New Year's Day
WEEKLY FORECLOSURE SALE
10 a.m. every Wednesday (except certain holidays)
Arapahoe County Administration Building
East Hearing Room
5334 S. Prince St.
Littleton, CO 80120
NOTICE: No Sale will be held:
Wed. Nov. 27, 2019
Wed. Dec. 25, 2018
Wed. Jan. 1, 2019