Colorado is a non-judicial foreclosure state. A Public Trustee sale, with a court 'Rule 120' order authorizing it, commonly takes about four months. The owner has no post-sale redemption right (eliminated in 2008); junior lienholders may redeem within a short statutory window. Because a lender absorbs carrying cost and risk for that entire period, a cash note sale today often beats carrying the credit through foreclosure.
Colorado runs foreclosures through a county Public Trustee, with a Rule 120 court hearing to authorize the sale. The owner's redemption right was eliminated in 2008, so the sale is effectively final â but the multi-month timeline still accrues carry.
Compare the foreclosure path to a cash sale with the loan-sale-vs-foreclosure calculator, using the timeline above.
A note sale transfers the loan to a buyer for cash, removing the timeline, the legal cost, and the risk of ending up as the owner of the property. Standing Bid Capital is a direct principal buyer of CRE loans, discounted payoffs, and REO — $250K–$25M, all-cash, no re-trade, confidential. Request a confidential review.
A Public Trustee sale, with a court 'Rule 120' order authorizing it, commonly takes about four months. Timelines vary with the property, court or trustee schedule, and any borrower defenses; confirm with local counsel.
Yes â a note can be sold at any stage; the buyer steps into the lender's position and continues or resolves the process. Send the current legal status with the loan tape.
Standing Bid Capital buys nationwide, directly and all-cash, $250Kâ$25M. Request a confidential review.