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7 Crucial Facts About The El Paso County Public Trustee: Foreclosure Updates And Chuck Broerman's Role In 2025

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The Office of the El Paso County Public Trustee, a little-known but powerful entity in Colorado's real estate landscape, is currently navigating a significant shift in the local housing market. As of late 2025, the county is seeing a gradual rise in foreclosure filings, a trend that directly impacts homeowners, investors, and the overall economic stability of the Colorado Springs area. Understanding the specific role of the Public Trustee is crucial for anyone involved in property, from securing a Deed of Trust to participating in a foreclosure auction.

The core function of the Public Trustee is to manage the legal process for releasing and foreclosing on Deeds of Trust—the primary instrument used to secure real estate loans in Colorado. This role is distinct from a traditional mortgage system and places the Public Trustee as a neutral third party, ensuring that all legal procedures under the Colorado Revised Statutes Title 38, Article 38 are followed precisely.

Charles "Chuck" Broerman: El Paso County Treasurer & Public Trustee Biography

The El Paso County Public Trustee position is currently held by Charles "Chuck" Broerman, who was appointed to the role by Colorado Governor Jared Polis in 2023. In Colorado, the duties of the Public Trustee are often combined with the elected office of the County Treasurer, which is the position Broerman also holds. His dual role makes him a central figure in the county’s financial and real estate affairs.

Here is a detailed profile of the current El Paso County Public Trustee:

  • Full Name: Charles "Chuck" Broerman
  • Current Titles: El Paso County Treasurer & El Paso County Public Trustee
  • Appointment to Public Trustee: Appointed in 2023 by Colorado Governor Jared Polis
  • Elected Office Term (Treasurer): Assumed office on January 1, 2023; current term ends January 1, 2027
  • Political Affiliation: Republican Party
  • Previous Public Service: Former El Paso County Clerk and Recorder
  • Previous Party Leadership: Former Chairman of the El Paso County Republican Party; Past State Republican Party Vice Chairman
  • Office Location: 1675 Garden of the Gods Road, Ste 2100, Colorado Springs, CO 80903

The 2025 Foreclosure Surge: Key El Paso County Statistics

Foreclosure activity in El Paso County has been a major point of discussion in 2025. After several years characterized by historically low foreclosure rates, the county is now experiencing a noticeable uptick. This trend is a critical indicator for the local housing market, reflecting broader economic pressures and the end of certain pandemic-era protections.

The Foreclosure Data Reality:

Through October 2025, the Public Trustee's office has processed 787 foreclosure filings. This figure represents a "gradual rise" in activity, moving the county away from the record-low numbers seen in the preceding years. The Public Trustee’s office is the official source for this data, providing detailed Historical Monthly Foreclosure and Release Data directly on their website, with reports updated through November 2025.

The Role of the Deed of Trust:

In Colorado, the Public Trustee’s authority stems from the Deed of Trust, which is the legal document used instead of a traditional mortgage. A Deed of Trust involves three parties—the borrower, the lender, and the Public Trustee (the neutral third party)—who holds the legal title until the loan is paid off. When a borrower defaults, the lender initiates the foreclosure process by filing a Notice of Election and Demand (NED) with the Public Trustee, officially starting the legal proceedings.

How the Public Trustee Foreclosure Auction Works

The final stage of the Public Trustee's involvement in a foreclosure case is the Public Trustee Sale, which is conducted via an online auction. This process is highly regulated and provides a formal, public venue for the sale of foreclosed properties.

Online Auction Procedures:

The El Paso County Public Trustee conducts its official foreclosure sales exclusively through an online auction platform. These sales are held every Wednesday at 10:00 AM Mountain Time. This online format ensures transparency and accessibility for all interested bidders, including individual investors and large institutional buyers.

Key Legal Entities in the Process:

  • Notice of Election and Demand (NED): The official document filed by the lender to begin foreclosure.
  • Combined Notice of Sale and Right to Cure and Redeem: A crucial notice sent to all interested parties on the mailing list, detailing the sale and the borrower's rights.
  • Colorado Foreclosure Protection Act: State legislation that governs the entire process, including requirements for a Single Point of Contact for the borrower.

The Critical Right to Cure for Homeowners

For homeowners facing foreclosure, the most vital piece of information managed by the Public Trustee is the "Right to Cure." This statutory right allows a borrower to stop the foreclosure process by paying all defaulted amounts and associated fees before the sale date.

Understanding the Cure Process:

The Right to Cure grants the borrower the ability to pay the sum of all amounts in which the secured debt is in default. This includes missed mortgage payments, late fees, and all costs incurred by the lender and the Public Trustee's office up to the cure deadline. The Public Trustee is the entity responsible for coordinating the final cure figures and accepting the payment.

A borrower must file a formal Notice of Intent to Cure with the Public Trustee’s Office to exercise this right. This action signals their intent to pay the default amount and formally halts the process temporarily while the final cure amount is calculated. The deadline to cure is strictly enforced and is set before the foreclosure sale. Homeowners are strongly advised to contact the Colorado Foreclosure Hotline for assistance and guidance.

Future Updates and Fee Stability

The Public Trustee's office is an administrative body, and its fees are set by state statute. For those who utilize the office for releasing a Deed of Trust—a common process when a loan is paid off—there is an important update regarding costs.

The current recording fees for documents filed with the Public Trustee are not scheduled to change until July 1, 2025. This provides a stable fee structure for title companies, lenders, and homeowners who are completing the process of paying off their home loans and require the official release of the Deed of Trust from the county records.

List of Essential Entities & Resources

The complexity of the foreclosure and Deed of Trust process involves numerous legal and governmental entities. Here is a list of key terms and entities relevant to the El Paso County Public Trustee's operations, providing topical authority for the subject:

  • El Paso County Treasurer
  • Colorado Revised Statutes Title 38, Article 38
  • Deed of Trust
  • Notice of Election and Demand (NED)
  • Combined Notice of Sale and Right to Cure and Redeem
  • Public Trustee Sale
  • Right to Cure
  • Online Foreclosure Auction
  • Colorado Foreclosure Protection Act
  • Colorado Foreclosure Hotline
  • Single Point of Contact (SPOC)
  • Governor Jared Polis
  • El Paso County Clerk and Recorder
  • Colorado Judicial Branch
  • Colorado Springs, CO
  • Recording Fees
  • El Paso County Assessor
7 Crucial Facts About the El Paso County Public Trustee: Foreclosure Updates and Chuck Broerman's Role in 2025
el paso county public trustee
el paso county public trustee

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