544 Rood Avenue
Grand Junction, CO 81501
P.O. Box 20,000
Grand Junction, CO 81502-5001
Public Trustee for Mesa County
Public Trustees in the State of Colorado have history.
The origination of our system occurred in 1894. Colorado’s Governor Davis H. Waite signed a law establishing the foundation for our current public trustee system. The Public Trustee is to act as a “neutral intermediate” party between lenders and borrowers. The act came about because of citizens being roughed up by lenders who were using barbaric tactics to collect debts due to the closing of the silver mines in 1893.
Colorado is the only state in the nation that has a Public Trustee. Other states have Private trustees (attorneys) that are hired to represent the lenders and all foreclosures are done through the court.
This office processes releases of deeds of trusts (8,000 or so per year) and about 250 foreclosures per year currently. The office handles millions of dollars each year. The work load fluctuates with the economy.
Housing Resources of Western Colorado is a separate office not associated with the Public Trustee office. It now offers housing counseling services. You may reach the housing counselor at: (970) 773-9744.
Notice to 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.
Before a property goes to sale, the foreclosure can be cured by bringing the payments current, if the reason for the default was failure to pay according to the promissory note. A Notice of Intent to Cure must be filed with the Public Trustee's Office (there is no cost to file) at least 15 days before the sale is scheduled. The amount necessary to cure a foreclosure is determined by the lender. The money must be received by the Public Trustee's Office by noon the day before the sale.
IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 38-38-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38-103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS.
|Colorado Attorney General
1300 Broadway, 10th Floor
Denver, Colorado 80203
|Federal Consumer Financial Protection Bureau
P.O. Box 4503
Iowa City, Iowa 52244
Public Trustee's Budget
The operations of the Public Trustee office is not funded by county tax dollars or state tax dollars. Instead, the costs are funded by statutorily-defined fees paid by banks for specific services provided (see list of statutorily-defined fees).
Public Trustee Mission Statement
Doing what we do with integrity and respect.