Help Understanding Deed
I asked the Deputy Public Trustee a question about what kind of deed was on this property for 6/18/04. I was wondering if it is moving to foreclosure.
http://www.denvergov.org/publictrustee/result2.asp?gr=NEWMAN%20MICHAEL&fc=024212003
Below is the answer she gave me. What does the last sentence mean???
Also, the ONLY kind of deed that the Public Trustee records is a Public Trustee Deed. If you are seeing the one that was recorded on 6/18/04, that means we recorded one to the holder of the Certificate of Purchase on that date. If there is a junior lienor redemption, we will issue it to the last redeeming junior lien holder. In the case of the above foreclosure, #2421-03, there was no redemption, so we issued deed to holder of Certificate of Purchase.
Looks to me like the house already went to auction and was purchased by someone. Since there is a right of redemption to junior lienors a deed cannot be issued "until the dust settles" at the end of the redemption period.
In lieu of issuing a deed at the close of the auction, the trustee issued a Certificate of Purchase to the high bidder as record of their winning bid. So, my guess is that the dust settled (without any of the juniors attemption to redeem) right about the 1st of June and the trustee was finally able to record a deed transfering ownership to the high bidder (holder of Certificate of Purchase)...this is the mystery of that last sentence.
I'd say the foreclosure is over and done with at this point. Since the sale appears to have been scheduled once each week (with a lot of continuances), I'd guess it was sold at auction on or about March 23rd.