Colorado Foreclosures Legal Questions

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6 legal questions have been posted about foreclosures by real users in Colorado. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include bankruptcy, commercial bankruptcy, and consumer bankruptcy. All topics and other states can be accessed in the dropdowns below.
Colorado Foreclosures Questions & Legal Answers
Do you have any Colorado Foreclosures questions and need some legal advice or guidance? Ask a Lawyer to get an answer or read through our 6 previously answered Colorado Foreclosures questions.

Recent Legal Answers

Can an association force you to pay legal fees that you do not consider reasonable

Answered 11 years and 11 months ago by Joseph Francisco Botelho (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
An HOA can sue you for legal fees and these fees are not determined by what you feel is reasonable. Most people feel that attorney's fees are not reasonable, especially when they're paying them as a penalty. First to stop the foreclosure you must make all payments back or use some type of legal resource such as filing bankruptcy to stop the foreclosure. Find a chapter 13 bankruptcy would allow you to stop the foreclosure and give you time to be able to pay back the money you owe in arrears. I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147... Read More
An HOA can sue you for legal fees and these fees are not determined by what you feel is reasonable. Most people feel that attorney's fees are not... Read More

Can the bank take my money from a short sale on my home?

Answered 14 years and 4 months ago by W. P. Timothy Canty (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
Open a new account in a different bank. Label the account as "personal injury proceeds" and deposit the money into it. Do not mix it with ANY other money. Do not give it to anyone. Either of these things may cause it to lose its exempt status. Banks have a right of set off which means that they can take money from your account if you have defaulted on a loan. Often a short sale is not in your best interests anyway. It looks as bad as a foreclosure on your credit, you have to move out instead of using the "free rent" while they are foreclosing and the IRS considers forgiven debt as income and may tax you on that amount.... Read More
Open a new account in a different bank. Label the account as "personal injury proceeds" and deposit the money into it. Do not mix it with ANY other... Read More

Will the spouse's credit be affected by a short sale?

Answered 14 years and 5 months ago by W. P. Timothy Canty (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
If the husband is not on the loan, it won't affect his credit.
If the husband is not on the loan, it won't affect his credit.

How can I attempt adverse possession of a foreclosure without any criminal charges?

Answered 14 years and 5 months ago by W. P. Timothy Canty (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
Adverse possession was extremely limited in a 2009 statute. Among other things, it requires 18 years of open, hostile, notorious and exclusive possession.
Adverse possession was extremely limited in a 2009 statute. Among other things, it requires 18 years of open, hostile, notorious and exclusive... Read More

What can I do if a federal tax lien was missed by a foreclosure attorney?

Answered 14 years and 5 months ago by W. P. Timothy Canty (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
If you had title insurance now is the time to make a claim. If you did not have it, the property has a cloud on its title and you will probably have to pay it in order to flip the property. You may be able to make a claim against the title co that did the search if you had an actual title commitment as opposed to an O & E. This is a superficial analysis and I would need to see the paperwork.... Read More
If you had title insurance now is the time to make a claim. If you did not have it, the property has a cloud on its title and you will probably have... Read More

Can a second mortgage holder hold up a short sale even though the first mortgage holder has offered funds?

Answered 14 years and 5 months ago by W. P. Timothy Canty (Unclaimed Profile)   |   1 Answer   |  Legal Topics: Foreclosures
Unless the 2nd is being paid in full they can hold up the sale. They do not have to accept less than they are owed, though in most case they would be wise to take what they can get.
Unless the 2nd is being paid in full they can hold up the sale. They do not have to accept less than they are owed, though in most case they would be... Read More