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What is intent to cure foreclosure in Colorado?

File Intent to Cure The only parties who can legally file an Intent to Cure (PDF) include, but are not limited to, property owners, persons liable, guarantor of evidence of debt and junior lien holders. An Intent to Cure must be filed at least fifteen (15) days before the scheduled Public Trustee sale.

What does notice of right to cure default mean?

The notice must tell you that you are in default and that you have 30 days to cure the default. The Right to Cure Notice says that if you do not get caught up on your payments, cure your default, the bank can begin foreclosure proceedings to take your house.

What is a notice of intent to cure in Colorado?

Per law (38-38-104 Colorado Revised Statutes (C.R.S.)), in order to preserve your right to cure, this notice must be filed with the Public Trustees Office at least 15 calendar days prior to the date of sale the first scheduled date of sale, or any later date to which the sale is continued.

What is an intent to cure mean?

Intent to Cure Filed - means that there has been a Notice of Intent to Cure filed and cure figures have been requested from the lenders attorney. The cure figures will be provided to the person who wishes to cure the loan default prior to the date of sale. If the funds are timely paid the foreclosure is withdrawn.

What is intent to cure in El Paso County?

Written Notice of Intent to Cure must be given to the public trustee at least 15 calendar days before the actual date of sale. If the sale is continued (delayed), the deadline to file a notice of intent to cure is also delayed.

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What is a notice of intent to cure in Colorado?

Colorado Revised Statute 38-38-104 has provisions for a property owner to cure the default on his mortgage before it goes to a foreclosure sale. The Intent to Cure form must be filed with the Office of the Public Trustee not less than FIFTEEN (15) DAYS prior to the scheduled foreclosure sale date.

What is a notice of intent to cure foreclosure in Colorado?

Colorado Revised Statute 38-38-104 has provisions for a property owner to cure the default on his mortgage before it goes to a foreclosure sale. The Intent to Cure form must be filed with the Office of the Public Trustee not less than FIFTEEN (15) DAYS prior to the scheduled foreclosure sale date.

What is the Public Trustee in Colorado?

The Public Trustee manages the foreclosure process, including protecting the rights of both the borrower and the lender, noticing the sale, holding the sale, processing redemptions, and issuing deeds to sale purchasers.

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