foreclosure types

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Montrose Daily Press

News from www.montrosepress.com

Crews run into treacherous conditions in Colo fire
BOULDER (AP) - Firefighters encountered a tangle of rattlesnakes, downed power lines and combustible propane tanks Wednesday as they struggled to get an upper hand on a wildfire that has destroyed dozens of homes.
EXTRA Aircraft meeting a bust: No consultant report, no vote
MONTROSE - A consultant’s report on EXTRA Aircraft was to have been presented to the public Wednesday but instead was delayed - much to the surprise of about 100 citizens who took time to attend the special meeting of Montrose County commissioners.

foreclosure types

What types of foreclosure are there in theMontrose, Colorado area?

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Montrose, Colorado property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

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