Sentences with phrase «public foreclosure process»

This is the start of the formal and public foreclosure process.

Not exact matches

However, in Colorado, the lender must submit proof of default to a public trustee, who will oversee the foreclosure process.

He lists his platform priorities as holding banks responsible for «zombie» properties through the foreclosure process, providing high quality customer service for all residents, and improving public accessibility, particularly for those for disabilities.

In the foreclosure process the lender has the right to sell your property at a public auction in order to collect on the delinquent loan.

«These new guidelines demonstrate FHFA's and Fannie Mae's and Freddie Mac's commitment to enhancing and streamlining processes to avoid foreclosure and stabilize communities,» FHFA Acting Director Edward J. DeMarco said in a public statement.

At the end of the foreclosure process the bank must tender a «bid» to the Public Trustee for whatever amount they feel they can substantiate.