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Colorado · What this letter means

Colorado foreclosure letters and notices

The papers Colorado homeowners receive, in the order they usually arrive. Each page uses the name on the Colorado document, explains the deadline it starts under Colorado law, and lists what to do this week.

  1. Step 1

    Notice prior to residential foreclosure (hotline notice)

    Before a Colorado lender can file a foreclosure with the county public trustee, it must mail you a notice with the Colorado foreclosure hotline number and a direct line to its loss mitigation staff. It is not a foreclosure filing, but it means one can start in as little as 30 days.

    What it means
  2. Step 2

    Notice of election and demand

    In Colorado, the lender starts a foreclosure by filing a notice of election and demand with the county public trustee, who records it. Its recording date sets the first sale date 110 to 125 calendar days later for most homes. It is not a sale and not an eviction.

    What it means
  3. Step 3

    Combined notice of sale, right to cure and right to redeem

    The combined notice is the public trustee's notice of the sale date and place, your right to cure and lienholders' right to redeem. You get it twice: within 20 days after the foreclosure is recorded and again 45 to 60 days before the first sale date. The key date it gives you is the 15-day cure deadline.

    What it means
  4. Step 4

    Rule 120 notice of hearing (motion for order authorizing sale)

    Before a Colorado public trustee can sell your home, the lender must get a court order authorizing the sale under Rule 120. The notice of hearing must be posted on your home at least 14 days before the hearing. To be heard, you file a Verified Response (JDF 621) at least 7 days before the hearing, or the judge may order the sale without a hearing.

    What it means
  5. Step 5

    Cure statement

    In Colorado, after you file a notice of intent to cure with the public trustee, the lender must give the public trustee a cure statement listing everything you must pay to catch up. The public trustee sends it to you. You must pay the total to the public trustee by 12 noon the day before the sale.

    What it means
  6. Step 6

    Demand for possession and eviction summons after a public trustee sale

    After a Colorado public trustee sale, the buyer gets a certificate of purchase, and title passes 8 business days after the sale if no lienholder redeems. The buyer must then demand possession in writing and, if you stay, file an eviction case. The summons sets a court date 7 to 14 days after it is issued.

    What it means

Got a letter not listed here? See every foreclosure letter explained, or how foreclosure works in Colorado.