<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by fleckdee:
How long does the forclosing process take before they can actually come in and move you out?
If you come up with the money before the forclosure is complete can you stop them from forclosing and take control of your house back?
Questions refering to house in Colorado in case this is needed to answer questions.<HR></BLOCKQUOTE>
Yes, you can stop the foreclosure, even though the lender has accelerated the loan and declared all sums due by the recorded notice of default, the statutory right of reinstatement enables the trustor (you) to avoid foreclosure by paying only the nonaccelerated amounts actually in default (plus trustee's fees). There are no postsale redemption rights. The trustor has no rights of reinstatement or redemption once the trustee's sale is completed. A properly-conducted nonjudicial foreclosure sale constitutes a final adjudication of the borrower's and lender's rights; and the purchaser ordinarily receives title under the trustee's deed free and clear of any right, title or interest of the trustor.
IAAL
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