Colorado § 38-38-401 Certificate of purchase - issuance

Colorado Statutes

§ 38-38-401 — Certificate of purchase - issuance

Colorado·Title 38 Property -·Art. Foreclosure Sales

(1)No later than five business days after the sale, the officer shall execute and record in each county where the property or a portion thereof is located a certificate of purchase containing:

(a)The names of the original grantors of the deed of trust being foreclosed; (a.5) The description of the property;

(b)The sum paid for the property;

(c)The name and address of the purchaser;

(d)A statement that the purchaser or assignee of the certificate of purchase shall be entitled to a confirmation deed at the expiration of all redemption periods provided under part 3 of this article unless a redemption is made;

(e)The deficiency under the evidence of debt, if any, as a result of the successful bid at sale;

(f)The public trustee's sale number or, in the case of a sale by the

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(1) No later than five
business days after the sale, the officer shall execute and record in each county
where the property or a portion thereof is located a certificate of purchase
containing:

(a) The names of the original grantors of the deed of trust being foreclosed;

(a.5) The description of the property;

(b) The sum paid for the property;

(c) The name and address of the purchaser;

(d) A statement that the purchaser or assignee of the certificate of purchase
shall be entitled to a confirmation deed at the expiration of all redemption periods
provided under part 3 of this article unless a redemption is made;

(e) The deficiency under the evidence of debt, if any, as a result of the
successful bid at sale;

(f) The public trustee's sale number or, in the case of a sale by the sheriff,
the district court civil action number;

(g) The date of sale;

(h) An attached exhibit containing a copy of the executed order authorizing
the sale that bears the public trustee sale number or civil docket number in the
case of a judicial foreclosure; and

(i) An attached exhibit containing a copy of the mailing list and all amended
mailing lists bearing the public trustee sale number or civil docket number in the
case of a judicial foreclosure.

(2) The officer shall retain the recorded certificate of purchase in the
officer's records.

(3) The failure of the officer to comply with the provisions of this section
shall not affect the validity of the sale or the vesting of title in the name of the
holder of the certificate of purchase or certificate of redemption.

Colorado § 38-38-401 (Certificate of purchase - issuance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 90: Entire article R&RE, p. 1668, � 2, effective October 1. L. 2006: Entire section amended, p. 1472, � 24, effective January 1, 2008. L. 2007: (1)(h) and (1)(i) added, p.1843, � 18, effective January 1, 2008. L. 2009: (1)(a) and (1)(i) amended and (1)(a.5) added, (HB 09-1207), ch. 164, p. 719, � 15, effective January 1, 2010.