Colorado Foreclosure Timeline

The Colorado Foreclosure Timeline

The Colorado Foreclosure Timeline process begins with a “Notice of Foreclosure Intent” letter that is mailed to you via the U.S. Post Office. If you are still living in your home, you should take this letter very seriously and act immediately. Do this by completing the documents and returning them according to instructions.

What Does The Colorado Foreclosure Timeline Mean For Me?

The Colorado Eviction Process Flow ChartAfter you receive a notice of intent to foreclose, the potential foreclosure may be recorded with the court in as little as 45 days. After the foreclosure is recorded, you will receive more documents to your property’s address via U.S. mail called an “Order to Docket.”

According to Colorado law, your mortgage company must analyze your current financial situation and attempt to determine if there are any alternatives to foreclosure prior to scheduling the foreclosure sale of a property.  This inquiry is called a “Loss Mitigation Analysis”.

Colorado Eviction ProcessIf the paperwork you receive includes a “Final Loss Mitigation Affidavit” refer to the below Timeline #1 to determine the proposed series of events for your property.

If the paperwork you receive includes a “Preliminary Loss Mitigation Affidavit” refer to the below Timeline #2 to determine the proposed series of events for your property.

Please contact my office for further information on Colorado Foreclosure Timelines and Colorado Foreclosure Process as related to Final Loss Mitigation Affidavits and Preliminary Loss Mitigation Affidavits. These documents can be confusing and complicated and sometimes require the assistance of an experienced Colorado Short Sale professional to decipher.

Colorado Foreclosure Timeline # 1

When the Complaint to Foreclosure or Order to Docket consists of the “Final Loss Mitigation Affidavit.” (The chart below is general and times for these events may be different in other states.)

Day

Failure to pay mortgage payment.

Day

A Notice of Foreclosure Intent is mailed to the homeowner.

Day

Order to Docket is filed with the court. 

Day

This is the final day the homeowner may request proper foreclosure mediation. If is not requested by day 105, the property could potentially be sold on the 135th day and the remainder of this timeline is irrelevant.  

Day

If foreclosure mediation is brought to the table, the request is then sent to the Colorado Office of Administrative Hearings.

Day

If foreclosure mediation is requested, it must take place by the assigned day unless it is postponed. 

Day

Foreclosure sale can go through unless there is a motion filed with the court. 

Colorado Foreclosure Timeline #2

When the Complaint to Foreclosure or Order to Docket consists of the “Preliminary Loss Mitigation Affidavit.” (The chart below is general and times for these events may be different in other states.)

Day

Failure to pay mortgage payment.

Day

A Notice of Foreclosure Intent is mailed to the homeowner.

Day

Order to Docket is filed with the court.  

Day

A request for foreclosure mediation form must be mailed, or the “Final Loss Mitigation Affidavit” will become activated.

Day

This is the final day for foreclosure mediation to be requested. If foreclosure mediation has not been filed, the property is eligible to be sold on day 148 and the remainder of time is irrelevant.

Day

If foreclosure mediation is brought to the table, the request is then sent to the Colorado Office of Administrative Hearings. 

Day

If foreclosure mediation is requested, it must be done by the assigned day unless it is postponed. 

Day

Unless there is a Motion to Stay the sale, the foreclosure will proceed. 

Source: CO Department of Labor, Licensing, and Regulation”

Download Our Free Colorado Eviction Process PDF!

Our Free Colorado Eviction Process PDF guide is a valuable resource for anyone facing eviction in Colorado and wanting to better understand the Colorado Eviction Process.

A Guide To The Colorado Eviction Process

Download The Free PDF Brought To You By Brix Real Estate, LLC!

or check out our ebook here