NOTICE TO AN OWNER IN FORECLOSURE: If your property goes to foreclosure auction sale, and is purchased for more than the total owed to the lender, and to all other lien holders, please contact the Garfield County Public Trustee’s office after the sale; you may have funds due to you. The concept of acceleration is used to determine the amount owed under foreclosure. In the case of a foreclosure sale, this is generally done by announcement at the original sale or by posting notices establishing the new date and time the foreclosure sale will take place.
The sale of the property usually takes 30 days to complete (including the upset bid period) and the Closing will be 30-45 days after the completed sale. The primary reason to consider purchasing a foreclosure is the potential for a great deal. A neutral party who advertises the foreclosure property for sale and conducts …