Prudential Real Estate of the Rockies
Best, to get a more specific legal consult (the first consult is normally free, and you can visit a couple of attorneys to gain more knowledge before making any decisions).
Just make sure that the law suit is stopped...you have to really know that it is done properly, in accordance with your state law.
Beachfront Realty, Inc.
I would go to the Colorado Foreclosure Hotline for each specific situation, speak with the bank, and get legal advise if you are not crystal clear as to what your rights are. It is not always as simple as making up the back payments. There are situations where the bank will not allow the homeowner to make up the payments or you may find that there are exhorbitant legal fees, liens, and other charges involved. They can also take the homeowners money in certain situations and continue with the foreclosure. You may be throwing in good money after bad. Each bank and each loan is specific.
Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct – 303-669-1246
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First Weber Group
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The Bandy Team
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Good to see you again. My thought is that you could speak to the lender and then go down to the Public Trustee's Office and pay 'back payments, interest, lawyer's fees' and any other liens that may be of record. At that point, I think the bank could stop the foreclosure. Although a rare occurence, I will be interested to hear from someone who has done this or who has worked with someone who has stopped the foreclosure at this stage. Also, this is a good question for the Public Trustee to answer.
Robert McGuire ASR
Real Estate Broker/Consultant
Your Castle Real Estate http://www.rmcguire.yourcastle.org