Granby Ranch foreclosure sale postponed

Granby Ranch’s foreclosure sale has been delayed by at least a week, according to the Grand County Public Trustee’s office.

The foreclosure sale scheduled for Friday was put off because the public trustee’s office did not receive an opening bid from the lender, Granby Prentice, by noon Wednesday.

By law, this means the sale will be delayed until next Friday, July 24. The delay could be longer if the lender requests more time. It is unclear why the lender did not submit a bid.

Typically, the starting amount for a foreclosure bid is the outstanding balance, which is listed as $47.5 million for Granby Ranch, plus the various fees associated with the foreclosure process. Anyone who proves they have the funds to cover that amount can bid on the properties, but foreclosure sales usually go to the lender.

Read more:

Support Local Journalism

Support Local Journalism

The Sky-Hi News strives to deliver powerful stories that spark emotion and focus on the place we live.

Over the past year, contributions from readers like you helped to fund some of our most important reporting, including coverage of the East Troublesome Fire.

If you value local journalism, consider making a contribution to our newsroom in support of the work we do.