Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB17-1199

Foreclosure Sale Processes

Concerning processes that directly relate to the actual sale of a property in a foreclosure action.
Session:
2017 Regular Session
Subject:
Local Government
Bill Summary

The bill excludes information relating to violations of the requirement for a single point of contact or dual tracking from the published notice that precedes a foreclosure sale. The bill also clarifies:

  • That the deadline for a public trustee or sheriff (officer) conducting a foreclosure to continue a foreclosure sale is the scheduled date and time of the sale; and
  • What happens if a foreclosure sale violates an automatic stay under the federal bankruptcy code, depending on whether full payment of the successful bid amount is received by the officer.

The procedures that apply if a foreclosure sale is set aside by court order are established to mirror the procedures that follow a rescission of a public trustee sale. In addition, a person rescinding a foreclosure sale is no longer required to send envelopes along with their rescission paperwork.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. P. Rosenthal
Sen. J. Cooke

Sponsor

Co-sponsor

The House of Representatives and Senate will not convene on Friday, May 29 and Saturday, May 30

COVID-19 Resources

Written Testimony and Witness Sign-up