Get CO Intent To Cure - Arapahoe County 2018-2024

Foreclosure definition A foreclosure is when a lender takes control of a property after the borrower misses several mortgage payments.

How Long Does the Typical Foreclosure Process Take in Colorado? Typically, it takes about 110 -125 days from the date that a notice of election and demand is filed with the county until the foreclosure sale takes place on a Colorado property.

Typically, homeowners have two options for stopping a foreclosure with bankruptcy. The first is Chapter 7 bankruptcy. The second is Chapter 13 bankruptcy. Whichever you choose, it's crucial to remember that the bankruptcy petition must be filed before the foreclosure sale happens.

A Notice of Default (NOD) or Complaint is an official communication with the state that legally starts the foreclosure process. At this time, an investment enters into “Default” status.

NED RECORDED - The notice of Election & Demand for Foreclosure (NED) is the FIRST document the Public Trustee's office receives from the lender or its attorney. This is recorded with the Clerk & Recorder's office and the foreclosure is officially started at this time.

NED RECORDED – the Notice of Election and Demand for Foreclosure is the first legal document filed with the Public Trustee and recorded with the Clerk and Recorder's office to begin the foreclosure action.

Notice of Default (NOD): In nonjudicial foreclosure, this is the official notice (it can be a letter) that the lender sends to the borrower letting him know that that the lender plans to foreclose because he hasn't made his payments. The lender may tell the borrower how much he can pay to stop foreclosure and by when.

Intent to Redeem instructions Under Colorado statute, junior lienholders have the right to redeem a senior lien if their interest in the property has been recorded prior to the recording of the Notice of Election and Demand.