A foreclosure is the act of selling real property at public auction in the event of default. A foreclosure occurs when a borrower defaults on a loan that is secured by a Deed of Trust. The procedure for conducting a foreclosure is set by Colorado State Statute and must be followed precisely.
Colorado is the only Public Trustee state in the country. Any Deed of Trust being foreclosed on must be processed by our office. The length of the foreclosure process may be concluded in as little as four months, or may last as long as sixteen months, depending on circumstances unrelated to the Public Trustee’s procedures.
For detailed information on the foreclosure process, please view the following presentations: