Certificate of Purchase
The Certificate of Purchase (CP) issued by the public trustee will be issued in the name and address of the successful bidder as struck and sold at the conclusion of bidding and as shown on your check-in sheet – please be sure it is accurate and legible.
Pursuant to laws in effect on January 1, 2008 for cases started after that date, the successful bidder will not get an original Certificate of Purchase at the time of sale. Successful bidders will be provided with a receipt from the public trustee after the sale is completed. A Certificate of Purchase will be issued and recorded by the Public Trustee's Office and retained in our office records. A Certificate of Purchase is assignable pursuant to 38-38-403 C.R.S. but the Certificate of Purchase cannot be assigned prior to the time it is issued and recorded by the Public Trustee.
Access to the Property
As the grantee named in the Certificate of Purchase, you do not have immediate right of access to the property. A Certificate of Purchase does not transfer title to you, it merely evidences your investment made at the time of sale.
Owner Redemption Period
For 2008 cases, there is no longer an owner redemption period after the date of sale; however, junior lienors and others with redemption rights will have eight business days after date of sale within which to file a Notice of Intent to Redeem with the public trustee.
If such a notice is filed we will notify you and you (as the CP holder) will have only five business days (or no later than 13 business days following date of sale) to provide a redemption statement (redemption figures) to this office for transmission to the potential redeeming party. Your statement of redemption must comply with 38-38-302 C.R.S.