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Alisa Hagner
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Residential real estate in and around Metro Denver
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I bowl. So if I am not working, or eating, or shopping, or enjoying my family;
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Alisa Hagner answered:
In Colorado:
Usually the lender bids on the property the day before the sale date via the attorney. If the lender does not place a bid, the public trustee extends the sale for another week.
Other bids are encouraged at the sale. Other bidders must pay cash to the public trustee.
Whomever wins gets a special deed from the public trustee. When depends on how many other recorded liens are against the property.
Did you have a more specific question?
Usually the lender bids on the property the day before the sale date via the attorney. If the lender does not place a bid, the public trustee extends the sale for another week.
Other bids are encouraged at the sale. Other bidders must pay cash to the public trustee.
Whomever wins gets a special deed from the public trustee. When depends on how many other recorded liens are against the property.
Did you have a more specific question?
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