Default due to all named mortgagors are now deceased has occurred under the terms of a Promissory Note (the "Note") dated April 1, 2013, executed and delivered by Richard W. Swanson, a married man, and Delia Swanson, a non borrowing spouse (“Mortgagors”) to Cherry Creek Mortgage Co., Inc., and a real estate Mortgage (the "Mortgage") of the same date securing the Note, which Mortgage was executed and delivered by said Mortgagors, to Mortgage Electronic Registration Systems, Inc., as Mortgagee, as nominee for Cherry Creek Mortgage Co., Inc., its successors and assigns, and which Mortgage was recorded on April 5, 2013, at Reception No. 927368, in Book 851, at Page 126 in the public records in the office of the County Clerk and ex-officio Register of Deeds in and for Goshen County, Wyoming.
The Mortgage was assigned for value as follows:
Assignee: GITSIT Solutions, LLC, not in its individual capacity but solely in its capacity as Separate Trustee of GITSIT Mortgage Loan Trust BBPLC1
Assignment dated: December 23, 2024
Assignment recorded: January 8, 2025
Assignment recording information: at Reception No. 1001783, in Book 1006, at Page 30 MTGE ASSIGN
All in the records of the County Clerk and ex-officio Register of Deeds in and for Goshen County, Wyoming.
The Mortgage contains a power of sale which, by reason of said default, the Mortgagee declares to have become operative, and no suit or proceeding has been instituted at law to recover the debt secured by the Mortgage or any part thereof, nor has any such suit or proceeding been instituted and the same discontinued.
Written notice of intent to foreclose the Mortgage by advertisement and sale has been served upon the record owner and the party in possession of the mortgaged premises at least ten (10) days prior to the commencement of this publication, and the amount due upon the Mortgage as of February 14, 2025 being the total sum of $223,351.54, plus interest, costs expended, late charges, and attorney fees accruing thereafter through the date of sale.
The property being foreclosed upon may be subject to other liens and encumbrances that will not be extinguished at the sale. Any prospective purchaser should research the status of title before submitting a bid.
If the foreclosure sale is set aside for any reason, the Purchaser at the sale shall be entitled only to a return of his/her/its money paid. The Purchaser shall have no further recourse against the Mortgagee, Mortgagor, Servicer, or their attorneys.
NOW, THEREFORE, GITSIT Solutions, LLC, not in its individual capacity but solely in its capacity as Separate Trustee of GITSIT Mortgage Loan Trust BBPLC1, as Mortgagee, will have the Mortgage foreclosed by law by causing the mortgaged property to be sold at public venue by the Sheriff or Deputy Sheriff in and for Goshen County, Wyoming to the highest bidder for cash at 10:00 o'clock in the forenoon on March 14, 2025 in the lobby of the Goshen County Courthouse located at 2125 East A Street, Torrington, WY 82240, for application to the above-described amounts secured by the Mortgage, said mortgaged property being described as follows:
Lot 13, Block 2, Kenmoor Heights, to the Town of Torrington, Goshen County, Wyoming.
With an address of 137 Loma Vista Road, Torrington, WY 82240 (the undersigned disclaims liability for any error in the address).
Together with all improvements thereon situate and all fixtures and appurtenances thereto.
Mortgagee shall have the exclusive right to rescind the foreclosure sale during the redemption period. In the event that the sale is rescinded or vacated for any reason, the successful purchaser shall only be entitled to a refund of his/her/its purchase price and/or statutory interest.
Dated: February 3, 2025 GITSIT Solutions, LLC, not in its individual capacity but solely in its capacity as Separate Trustee of GITSIT Mortgage Loan Trust BBPLC1
By: Brigham J. Lundberg
Halliday, Watkins & Mann, P.C.
376 East 400 South, Suite 300
Salt Lake City, UT 84111
801-355-2886
HWM File # WY21878
Public Notice No. 9241 published in The Torrington Telegram on February 14, 21, 28 and March 7, 2025.
