Goal of seminar is to increase transparency around the process
(Denver) – Ever thought about buying property at Denver’s foreclosure auction, but are confused about how the process works?
A brown-bag workshop on Denver’s weekly foreclosure auction will be conducted by Denver Chief Deputy Public Trustee Sindee Wagner to educate prospective buyers about the foreclosure auction process and dispel some of the myths about county foreclosure auctions. This seminar is strictly about the public foreclosure auction administered by the City and County of Denver.
“Denver’s foreclosure auction process is a stark contrast to home auctions that are advertised during late night infomercials,” states Chief Deputy Trustee Wagner.
The seminar will be held on Friday, June 4, from 11 a.m. to 1 p.m. in Room 4.F.2 of the Wellington Webb Municipal Office Building, located at 201 W. Colfax Ave.
The seminar is free, but a reservation is required. To RSVP, send an e-mail to Sindee Wagner at firstname.lastname@example.org.
Prospective buyers will learn about:
- what kind of paperwork is required to bid on a property
- how to avoid pitfalls in purchasing a foreclosed property
- how minimum bids are set
- what factors can remove a property from the auction at the last minute
- how being the winning bidder on a property does not automatically make you the property owner – yet
Attendees are also invited to attend the weekly foreclosure auction to see the process firsthand. Auctions are conducted every Thursday at 10 a.m. in the Office of the Clerk and Recorder, Conference Room 1.B.6. The public is welcome to attend.
The Clerk and Recorder’s Public Trustee Division records foreclosure documents and administers the foreclosure process. The purpose of the workshop is to make the foreclosure auction process more transparent to the public.
For more information, call 311 or visit www.denvergov.org/public_trustee.