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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 intent to cure foreclosure?

Intent to Cure Once the foreclosure process has started, a property owner, or another lienholder, may stop the process by curing the default. A written Notice of Intent to Cure must be filed with the Public Trustees Office no later than 15 days prior to the scheduled sale date. There is no charge to file.

Do you have the right to cure a foreclosure in Colorado?

Colorado Revised Stature 38-38-104 makes provisions for a property owner to cure the default on his mortgage before it goes to foreclosure sale.

Is Colorado a right to cure state?

The Colorado General Assembly, in 1977, recognized that the purpose for a right to cure is to allow the debtor to bring his payments up to date and continue with the contract as though a default consisting of nonpayment had not occurred.

What is the cure statement for a foreclosure in Colorado?

The cure statement will include all sums due and owing under the term of the note and Deed of Trust, all lender fees and costs and all Public Trustee fees and costs for initiating a foreclosure action.