Colorado foreclosure listings are available now, and all Colorado foreclosures for sale are updated daily. Housing trends over the previous months indicate positive statistics, making now a great time for potential homeowners to buy.
Search through the best listings of foreclosures in Colorado. We provide foreclosed homes and auctions in the major Colorado cities. Choose a city and fing an excellent deal for you!
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Aurora is a Home Rule Municipality and is ranked third based on the population in the state of Colorado. It ...
Situated at the base of Pikes Peak at the southern edge of the Rocky Mountains, Colorado Springs offers a spectacular ...
Denver, home to America’s first Cheeseburger, is the most densely populated city in the state of Colorado. Also known as ...
Colorado's economy varies considerably, based on the state's differing landscape throughout the region. Agriculture dominates the majority of the flatland plain areas, with strong focus points on livestock such as cattle and calves. Other key production areas in the industry include dairy, sheep, lamb, and eggs, along with crops such as potatoes, grains, beans, corn and wheat. Situated next to the mountains in the west are service providers and the manufacturing industry, which account for the production of cotton cloth, medical equipment, brews and electrical equipment such as computers, televisions and much more.
The demographic information about the state places the current population at over 5 million, with a median age of about 34 years among its residents. In terms of housing, estimates of more than 2 million households are currently in the state - an increase of over 400,000 houses between the years 2000-2010, the majority of these properties being built during the 1970s and 80s. Notable cities that feature the most amounts of households include Aurora, Arvada, Pueblo, Colorado Springs, and Boulder. Denver is the state's capital and boasts the largest population and number of households overall.
Denver has a diverse city structure, with each neighborhood and sector featuring different places of interest. Downtown Littleton, for instance, has a wide selection of art galleries, specialized clothing shops, gift shops, and much more. Five Points prides itself on its cultivated history of jazz, along with its Victorian-style homes and a plethora of restaurants from which to choose.
Recent trends in Denver's housing market displays an optimistic outlook for the future, with housing prices over 10 percent lower than were recorded during the same period last year. The average home value is currently situated at approximately $185,000 or more. Colorado home foreclosures count towards 29 percent of overall house sales, which is an increase from the same time last year.
The city of Aurora also features attractive figures, with current housing prices down 13 percent in comparison to 2010. Statistics also indicate a majority of households have married couples. With Aurora catering to growing families, including over 70 elementary schools and 12 high school and middle schools, it highlights the city as an appealing and practical place to live, making Colorado foreclosures a rewarding and worthwhile investment.
The process of foreclosure in Colorado is unique in that it combines aspects of both judicial and non-judicial processes found in other states. While the court must approve a lender's movement to foreclose, it is not involved in carrying out the actual process of foreclosure. This is why it is said that most foreclosures in Colorado are non-judicial.
Every county in Colorado has a "Public Trustee", an official who is either appointed by the governor or elected by the public. If a lender finds that a borrower (homeowner) is in default of payment, the lender can begin the process of foreclosure by filing the appropriate documents with the Public Trustee to request a sale of the property. The Public Trustee then schedules a foreclosure sale to occur roughly 45-60 days from the date the request was filed.
Before the sale can occur, the lender must first obtain a court order recognizing their right to foreclose. A preliminary hearing on the matter is scheduled at which the homeowner, lender, and any Junior Lien holders are present. If no one contests that the homeowner is in default, the court moves to allow the sale without further hearings.
If the homeowner wishes to pay off the default amount owed and stop the foreclosure, he or she may do so by notifying the Public Trustee of this intention at least 15 days before the sale is scheduled to take place. The homeowner then has the opportunity to provide payment up until noon on the day before the sale, in which case the sale will be cancelled.
Five weeks before the foreclosure sale is to take place, the Public Trustee publishes a Notice of Sale in a local newspaper, which runs weekly until the sale takes place. A copy of the notice is also mailed to the defaulted homeowner.
On the date of the foreclosure sale, the Public Trustee auctions off the property to the highest bidder. If anyone other than the lender wins the bidding, they must deliver the full amount of their bid to the Public Trustee in the form of cash or a cashier's check. The winning bidder then receives a Certificate of Sale.
The original homeowner is given 75 days under Colorado foreclosure law in which to redeem ownership of the property by paying the amount of the winning bid plus any additional cost or interest. If the property is not redeemed, the Public Trustee transfers ownership to the winning bidder.
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