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

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$299,900

954 1933, KREMMLING

Construction manufactured-HUD

  • Beds3
  • Baths2.0
  • MLSS392451

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$91,000

192 Fuller DR, FAIRPLAY

BANK OWNED! Enjoy the great views from this 2 bedroom log home in Spruce Hill. Gas fireplace, forced air heat, a clubhouse, this property will accommodate everyone. Liqu...

  • Beds2
  • Baths1.0
  • MLSS392293

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$95,000

498 Fuller DR Unit 498-B, FAIRPLAY

BANK OWNED! Enjoy this 2 bedroom duplex that is only 35 min from Breckenridge. Wood floors, stainless appliances, this home is perfect for a family or investment. Spruce...

  • Beds2
  • Baths2.0
  • MLSS392320

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$94,000

498 Fuller DR Unit 498-A, FAIRPLAY

BANK OWNED! Enjoy this 2 bedroom duplex that is only 35 min from Breckenridge. Wood floors, stainless appliances, this home is perfect for a family or investment. Spruce...

  • Beds2
  • Baths2.0
  • MLSS392319

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$118,000

499 Fuller DR Unit 499-B, FAIRPLAY

BANK OWNED! Enjoy this 3 bedroom duplex that is only 35 min from Breckenridge. Wood floors, 1 car garage, stainless appliances, this home is perfect for a family or inve...

  • Beds3
  • Baths2.5
  • MLSS392318

property image

$120,000

499 Fuller DR Unit 499-A, FAIRPLAY

BANK OWNED! Enjoy this 3 bedroom duplex that is only 35 min from Breckenridge. Wood floors, 1 car garage, stainless appliances, this home is perfect for a family or inve...

  • Beds3
  • Baths2.5
  • MLSS392254