To update our previous post, Governor Hickenlooper has reinstated five of the ten public trustees who resigned or retired last month after reports by The Denver Post revealed apparent abuses of public funds by certain trustees. The five reappointed trustees include those in El Paso, Jefferson, Larimer, Weld and Douglas Counties. In addition, the
Colorado Foreclosure Initiative Abandoned; Proponents to Push for Legislative Change Instead
As we noted in a previous post, critics of Colorado’s foreclosure process have been pursuing various avenues to reform parts of that process. They have been particularly focused on the “qualified holder” provision of Colorado statutes, which allows the foreclosing lender to state that it is the owner of the deed of trust being
Signs Suggest New Wave of Foreclosures
While The Denver Post recently reported that completed foreclosure sales were at a five-year low in May of this year, and an informal survey by this office of various metro and mountain county public trustees confirmed that, based on filings for the first half of 2012, foreclosures are expected to be generally lower this year
Increase in Foreclosures Leads to Greater Scrutiny of Public Trustees and Process
The dramatic rise in the number of foreclosures filed in Colorado during the last five years has led to increased scrutiny of both the foreclosure laws and the actions of Colorado’s public trustees. As detailed in an April 4 post in this blog, proponents of ballot Initiative 84 had sought to correct perceived problems in
Take Two for a Colorado Foreclosure Bill
With foreclosures on the rise, it is no wonder that Colorado’s unique public trustee approach to the bank/borrower relationship finds itself in the limelight. The CEO of RealtyTrac was quoted in a recent USA Today article suggesting that foreclosure-related sales will increase this year “as lenders start to more aggressively dispose of distressed assets held