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

Baby Doe DR, LEADVILLE CO 80461

$104,900

Baby Doe DR, LEADVILLE

Calling all investors! Zoned duplex with seperate meters, needs fix up and sold "AS IS". Large site and easy year round access. This property is an A frame with separate ...

  • Beds 2
  • Baths 2.0
  • MLS S389746

S Toledo AVE, LEADVILLE CO 80461

$78,900

S Toledo AVE, LEADVILLE

Are you or your buyers seeking something unique and different? This is a great price for a single family home on the edge of town. Artist, glass blower or mechanic worksh...

  • Beds 2
  • Baths 1.5
  • MLS S389690

Mountain View DR, FAIRPLAY CO 80440

$219,900

Mountain View DR, FAIRPLAY

2.67 acres, 3 bedrooms and 2 baths, newly painted interior with new carpet installed. Private home or get away. RLTR RMKS to show. Great opportunity. Stone fireplace, ope...

  • Beds 3
  • Baths 2.0
  • MLS S389336