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Foreclosure is a non-judicial remedy under this theory. The document that secures the title is usually called a deed of trust. Colorado law also permits mortgages to serve as liens upon real property and for judicial foreclosures to occur through the courts.
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Pre-foreclosure Options for Colorado Homeowners If you’re more than 90 days behind on your payments, then you’re likely to receive a "notice of default" from your mortgage lender. This letter will inform you that you have not made any mortgage payments on your loan for the last 90-180 days.
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Pre-foreclosure. A home is in pre-foreclosure if a homeowner is more than 90 days late on the mortgage payments and the bank has begun the foreclosure process. "A pre-foreclosure is a property in the process of foreclosure but is still legally owned by the owner. It may or may not be a short sale," says Beverley Hourlier,
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Colorado Springs Pre Foreclosure Find here foreclosure listings of foreclosures for sale in Colorado Springs Colorado and nationwide. Our data will also include colorado springs colorado bank owned homes, pre-foreclosures, foreclosed homes and REO properties.
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