Foreclosure & Alternatives Law
What Public Notice Requirements Are There for a Real Estate Foreclosure in Colorado?
In Colorado, the lender is not required to provide public notice of a potential foreclosure sale. Instead, a Public Trustee is appointed and is required to provide public notice of an upcoming foreclosure sale. It is the responsibility of the Public Trustee to record a Notice of Election and Demand with the county clerk. These documents must be recorded between 45 -60 days prior the actual sale. The Public Trustee must also file the Notice of Election and Demand in at least one local newspaper for five consecutive weeks prior to the sale.
As in other states, the first notice that is required by law for a judicial foreclosure is the filing of a lawsuit. Other public notice may be required by a judge.