Front Range
A Weld foreclosure overbid deserves follow-up
A Porch Note from Colorado Porch — plain-English local details for all 64 Colorado counties.
A foreclosure can end with money flowing back toward the borrower, which catches a lot of people off guard. When a sale brings in more than the total owed to the lender and every other lien holder, that surplus, the overbid, does not simply vanish into the system.
After such a sale, the right move is to contact the Public Trustee, because those funds may be due to the former owner. Just as important: collecting them costs nothing. There is no fee owed to the Public Trustee, and none owed to a third party who offers to “recover” the money on a borrower’s behalf.
That second point is worth holding onto. Foreclosure is stressful and confusing, and people in the middle of it are easy marks for fee-for-service promises that take a cut of money the office would have released for free. A stranger who calls offering to retrieve “your funds” is the warning sign, not the solution.
If a sale has already closed, the Weld County Public Trustee office is the place to start. Ask straight out about the sale result, whether there was an overbid, and what the official claim process asks for. The answer comes from the same office that holds the money, with no middleman in between.
Sources
Official or primary sources used for this note. Local details can change, so confirm before acting.