Welcome to the website of the Public Trustee of Archuleta County!
In Archuleta County the elected Treasurer is also the Public Trustee. The office of Public Trustee is governed by Title 38 of the Colorado Revised Statutes.
The Public Trustee serves the public as an unbiased administrator of two processes: Release of Deed of Trust and Foreclosure on Deed of Trust.
The Deed of Trust is an agreement between three parties: the Grantor (owner); the Public Trustee (who has the power of sale); and the Beneficiary (lender).
When the agreement is fulfilled, the Beneficiary submits a Release of Deed of Trust to the Public Trustee who verifies that the document is completed appropriately and records the release with the Clerk and Recorder of that county.
Per SB 16-115 the recording fees are as follows:
$13.00 for the 1st page and $5.00 for each additional page. This check should be issued to the Archuleta County Clerk and Recorder. The Public Trustee fee of $15.00 will remain the same and the check should be issued to Archuleta County Public Trustee. Please update your processes accordingly to mitigate against rejections.
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 public trustee's office after the sale because you may have funds due to you.
Foreclosure laws may change because of legislation adopted each year by the Colorado Legislature.
The information here is intended as a tool. It is not intended to serve as legal advice.
To learn more about the laws regarding the foreclosure process, refer to Title 38 of the Colorado Revised Statutes or consult with your own legal counsel.