Foreclosure Process -- PRIOR TO 1/1/2008
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Foreclosure, by definition, is the forced sale of a piece of property to repay a debt. |
Foreclosure is conducted by the Office of the Public Trustee on Deeds of Trust containing a power of sale. The procedure for conducting the foreclosure is set by the Colorado State Statues and must be followed precisely.
The Deed of Trust is an agreement between three parties:
- The Grantor (owner)
- The Public Trustee (who has the power of sale)
- The Beneficiary (lender)
The five stages of the foreclosure process:
This foreclosure process consists of the following five stages. Click on each stage to learn more about it.
1. Beginning the Process
2. Curing a foreclosure pre-sale
3. Lender bids and bidding at the sale
4. Redemption process post-sale
5. Deed transferring title
The office of the Jefferson County Public Trustee has created this Web site for educational purposes. This Web site is not intended to serve as legal advice.
Last Modified: Mar 28, 2009 10:20 PM