Colorado Foreclosure

New definitions added for commonly used terms= A total of 24 and all put in one place= Evidence of Debt = Expands and clarifies definitions and now includes loan agreements and monetary Judgments=Holder and Qualified Holder= Both now include agents and nominees= Notice of Public Trustee Sale and Notice of Rights= Now combined= Notice mailing changes=Now Two Notice mailings instead of one= First notice mailing= within 20 days after NED to borrower/grantor= Second notice mailing =45-60 days before sale to owner and junior lienors at time of NED= o notice and interest deemed extinguished if this item is missing from recorded instrument= Address= 3. Sale Date 110-125 days after NED for =nonagricultural (extended from 45-60)= 215-230 days after NED for= agricultural (extended from 45-60)= May be continued for up to =9 months from original sale date= 4. Cure The Only one eligible to Cure=The owner at time of NED (or such owner's heirs, etc.) = Cure rights of junior lienors= eliminated= Cure period extended by reason of= extended sale date= Fine assessed by= public trustee= if cure statement not= timely submitted= 5. Redemption Owner/borrower/guarantor redemption= eliminated= Only junior lienors of record have right to redeem= prior to NED;= parties liens or interests after NED= no longer have redemption rights= Intent to Redeem must be filed= within 10 days after sale= Thereafter, each redeeming lienor has= 5 business days to redeem in order of seniority= Concept of serial redemption expanded to include= certificate of purchase holder=