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Foreclosure Timeline for Metro Denver, Colorado Homeowners

Certified Short Sale & Foreclosure Resource for Colorado Home Buyers & Home Sellers


For this example, we are using January 1st as the original mortgage payment due date.

Date Action Normal Loan Servicing Loan in Collections Foreclosure
January 1st 1st mortgage payment missed. X    
Through January 15th Most lenders allow a grace period of 15 days to make the payment. X    
January 16th

 Lenders now consider the payment past due.
Collections process starts.

   X  
February 1 2nd mortgage payment missed.
According to Colorado real estate law, the loan is now technically in foreclosure.		   X  
March 1 3rd mortgage payment missed.   X  
April 1 4th mortgage payment missed.
Notice of Election and Demand (NED) filed; Foreclosure Clock starts running.
The Public Trustee's Sale date is scheduled. The sale date will be between 110 and 125 days after the date the NED is recorded.		     X
May 1

5th mortgage payment missed.

     X
June 1 6th mortgage payment missed.     X
July 1 7th mortgage payment missed.     X
August 1

8th mortgage payment missed.
Approximate date of Public Trustee Sale.

     X

Disclaimer: For informational purposes only. We are not lawyers and are not qualified to give legal advice.

Up | What Is a Short Sale? | Your Options | SFR Resource | Short Sales Vs Foreclosures | Short Sale Process | Short Sale Example | Hardships | Foreclosure Timeline | Loan Modification | Definition of Terms

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