2IILFH RI WKH 3XEOLF 7UXVWHH - Douglas County, Colorado

[Pages:2]Office of the Public Trustee

Douglas County

OFFICE OF THE PUBLIC TRUSTEE UNCLAIMED FUNDS Updated 2/21/2023

To claim funds, contact pubtrust@douglas.co.us. Proof of claim will be required.

FORECLOSURE OVERBIDS *

PT # 2022-0113 DATE OF SALE 11/9/2022

PT # 2022-0139 DATE OF SALE 1/18/2023

PAYEE Rexford D. Evans

PAYEE Arkesha Elliot

AMOUNT $341,918.33

AMOUNT $7,647.61

OTHER FUNDS Uncashed Checks

DATE OF CHECK 9/29/2021

7/21/2022

PAYEE Pamela O Colquette & Ernest Colquette

Lee Ann Knudson

AMOUNT $57.35

$65.00

*Finder's Fee It is now illegal to charge a finder's fee to help a homeowner recover overbid funds until at least 2 ? years after the foreclosure sale.

After the 2 ?-year period, Colorado law now limits the premium, sometimes known as a "finder's fee," that a person may charge for offering assistance in recovering overbid funds. The finder's fee is capped at 20% of the amount recovered between 2 ? to 3 years after the sale, and at 30% for amounts that have been in the custody of the State Treasurer for 3 years or more.

Additional requirements are imposed on the finder's contract, including the requirements that the contract: o Is signed by the person to whom the amounts are due o Contains a description of the property and the date of the foreclosure sale

o Discloses that the Public Trustee is obligated to disburse the funds whether or not a finder is used (if the funds are still held in escrow by the Public Trustee's office. Otherwise, they will go through the Great Colorado Payback Program with the State Treasurer)

o Describes the nature of the services that the finder will perform.

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