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 one of two Public Trustee states 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:
Foreclosure Process for Property Owners (search for Foreclosure Guide)
2010 Foreclosure Seminar
Foreclosure Database Tutorial