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

LITMER RD, JEFFERSON CO 80456

$349,900

LITMER RD, JEFFERSON

Great Opportunity for 35 Acres in the heart of Park Co. 3 bed/2 bathroom and a big 2 car garage with additional out building. This is a Fannie Mae HomePath property. P...

  • Beds 3
  • Baths 1.5
  • MLS S389104

1 HWY 6 HWY Unit 5062, KEYSTONE CO 80435

$109,900

1 HWY 6 HWY Unit 5062, KEYSTONE

First Look Owner Occupants only until 8/11/14. Updated studio, with out bedroom, with murphy bed, new carpet and paint with 1 bath and efficiency cooking area. Small frid...

  • Beds
  • Baths 1.0
  • MLS S389053

Mt, LEADVILLE CO 80461

$140,900

Mt, LEADVILLE

4 bedrooms and 2 bathroom Duplex. Great opportunity to live in one side and rent the other or good investment. This is a Fannie Mae HomePath property. This property is a...

  • Beds 4
  • Baths 2.0
  • MLS S387267

SITZMARK CIR, BRECKENRIDGE CO 80424

$334,900

SITZMARK CIR, BRECKENRIDGE

RLTR RMKS TO SHOW, Surprisingly near Peak Eight Ski area, 2 beds-2 baths with large deck and views. This is a Fannie Mae Home Path Property. This is a Fannie Mae Home Pat...

  • Beds 2
  • Baths 1.0
  • MLS S387578