Foreclosure Process in Colorado
If you have voluntarily secured one or more loans with a Deed of Trust, the lender
may foreclose on your home with the assistance of the Public Trustee. This is a
non-judicial foreclosurefter proper. After proper notice, the Public Trustee may
sell your home and apply the sale proceeds to the deed of trust and all other
junior liens on your property.
The foreclosure process changed in 2009 to allow more time before the foreclosure
sale. Now, most foreclosures take 4 to 6 months. However, some lenders are slow
to foreclose because of the poor real estate market.
The home owner can be evicted immediately after the foreclosure sale.
The sale takes place by the Public Trustee on the counthouse steps. Buyers must
have all funds to the Trustee within two hours of the sale. In many cases buyers
will not have had a chance to view the property so all sales are "as is".
As with all foreclosures, an attorney should be contacted for proper legal advice.
Recent Foreclosures in Area
$529,650
Uncle Sam Lode Rd , Breckenridge
Bank owned, great investment, very nice finishes and floor plan. Being sold as is, bank addendums will need to be signed.
- Beds 3
- Baths 2.5
$308,000
Hwy , Breckenridge
Bank owned property being sold as-is w/o repair or warranty. Seller has no knowledge of property history, no disclosures supplied. Buyer agent is responsible for verifyin...
- Beds 2
- Baths 1.0
$999,999
Davenport Loop , Breckenridge
SOLD AS-IS*BUYER TO VERIFY HOA*ALLOW 72HRS FOR RESPONSE*REO - Beautiful custom home on over 2.5 acres with attached 3-car garage. Bright, open floor plan with upgrades g...
- Beds 3
- Baths 2.5
$389,000
Crown Dr , Blue River
No playing around, this property is priced to sell now. 5 bdrms, 1 w/ lockoff potential, 3 baths and a large living/dining room only 2 miles south of Breck. Kitchen equ...
- Beds 5
- Baths 3.0
$449,000
Doris Dr , Breckenridge
Priced under $150 a SQ Foot this home is priced below almost all the other homes on the market in Breckenridge even short sales / foreclosures. Enjoy the great mountain ...
- Beds 3
- Baths 2.0
$185,000
2 Cove Blvd , Dillon
Very nice two floor, 2-bedroom, end unit, with washer & dryer, in summit cove, just 3 miles to the lifts at Keystone Resort. SOLD AS-IS. This unit was totally remodeled i...
- Beds 2
- Baths 1.5
$199,000
Hawk Way , Jefferson
Very clean bank owned property. 6 acre lot with trees, meadow, and great views. 1220sqft main level w/loft and 660sqft finished basement has lots of room for family and ...
- Beds 3
- Baths 2.0
$110,000
▼ Decreased $15,000
1327910801
Murphy Rd , Hartsel
Bank owned. Unique opportunity to own 44 acre fenced tract with well and septic for under $130,000. The trailer has large addition with bedroom and living room. 1,550 sqf...
- Beds 1
- Baths 1.0
$244,900
▼ Decreased $10,100
1328688720
Buffalo Dr , Silverthorne
Roomy floor plan with fireplace, does not include electricity. BANK OWNED PROPERTY SOLD AS-IS W/O REPAIR OR WARRANTY. SELLER & LA HAVE NO KNOWLEDGE OF PROPERTY HISTORY, N...
- Beds 3
- Baths 3.0
$279,800
▼ Decreased $2,200
1329379913
Aspen St , Alma
Bank Owned Property. Very clean and spacious with two very large bonus rooms that could be used as media, game, recreation rooms, etc. Rare, amazing view of the valley f...
- Beds 4
- Baths 3.0
$71,900
▼ Decreased $4,000
1326701161
Jackson Rd , Hartsel
Manufactured home needs solar system and interior TLC. Property fenced and had horses. Large rooms with bonus family room. Level lot. Great views. Lots of potential in th...
- Beds 3
- Baths 2.0
$160,000
172 Copper Cir , Copper Mountain
Not Deed Restricted, Priced like bank owned. Great starter unit. Top Floor Studio with a great location. Comfy Murphy bed and spacious full sized kitchen and bath. Short ...
- Beds –
- Baths 1.0
$99,000
▼ Decreased $5,000
1326182912
n/a Cove Blvd , Dillon
Now Bank Owned! Completely remodeled one bedroom condo. Features include fireplace, remodeled kitchen, maple cabinets. Compare this to anything else in this price rang...
- Beds 1
- Baths 1.0
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