Colorado Foreclosure Law
Facts:
Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: Yes
Primary Security Instruments: Deed of Trust or Mortgage
Timeline: Typically 120 Days
Right of Redemption: Yes
Deficiency Judgments Allowed: Yes
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Quick Summary:
In Colorado, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
The foreclosure timeline in Colorado is typically four months from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Colorado homeowners have the right of redemption and are allowed deficiency judgments.
New Information on Colorado Foreclosure Laws and regulations:
A foreclosure deferment of up to 90-days is now available for eligible borrowers. To view bill CO HB 1276 click here
For more information on Colorado Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state.
Or Contact:
Colorado's Attorney General's Office
1525 Sherman Street, 5th floor
Denver, CO 80203
Ph: (303) 866-3052
Fax:(303) 866-5691