Foreclosure Resources

loading… This article briefly describes the benefits of and process involved in assigning an association’s lien to a third party during a pending foreclosure action. Associations in Colorado have a lien against properties for all unpaid assessments, late fees, fines, interest, and attorney fees and costs.  Colorado’s Common Interest Ownership Act (“CCIOA”) provides that associationsGo to Resource

loading… The Denver Post recently reported that Colorado has the dubious honor of leading the country in the number of foreclosures. This unfortunate distinction is particularly unwelcome news for Colorado’s community associations. If an association declines to exercise its redemption rights when a first mortgage holder forecloses, the association is limited to recovering just 6Go to Resource