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Most foreclosures in Colorado are nonjudicial, which means the foreclosing mortgage lender does not go through court to foreclose on your home. But the lender must provide you with certain notices, and you may be able to reinstate the mortgage at some point during the process (and thereby avoid foreclosure). If the lender does foreclose on your home, you may be on the hook for a deficiency -- the difference between the sale price and the amount you owe on the mortgage.
Below you can learn about key features of Colorado foreclosure procedures and learn about Colorado's law on deficiency after foreclosure. And be sure to check our Foreclosure section for more articles on defending against foreclosure, federal programs to help you avoid foreclosure, and more.