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"Homeowners whose homes were foreclosed through public trustee auction may have money waiting for them at their county Public Trustee’s Office,” said Jefferson County Public Trustee Margaret T. Chapman.
If the home sold for more than the amount owed the lender or other creditors, the former homeowner is due the excess proceeds. Chapman encourages homeowners who are in the foreclosure process, or whose home has been foreclosed, to contact the Public Trustee’s Office in their county. The increase in home prices makes this more likely than in the past. A simple phone call will provide the answer. For Jefferson County, the number is 303-271-8580. Chapman expressed concern about individuals, not associated with any Public Trustees Office, directly contacting homeowners and asking for a fee to assist in obtaining these excess proceeds. Some of the fees are as high as 30 to 40 percent of the total excess proceeds. It is unnecessary to use an agent to obtain the excess overbid funds.
Homeowners, who hired an agent and believe the fee was unreasonable, should contact the Office of the Colorado Attorney General or the Supreme Court Office of Attorney Regulation.
June 23, 2014
Administration & Courts Facility 100 Jefferson County Parkway Golden, Colorado 80419 (303) 279-6511
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