Finance
Colorado's 'due process' in a public trustee foreclosure includes a redemption period. How long do Colorado homeowners have to redeem their property after a foreclosure sale?
ANo redemption period — the sale is final immediately
B75 days for owner-occupied residential property✓ Correct
C6 months from the filing of the foreclosure
D1 year from the foreclosure sale
Explanation
Colorado allows a 75-day redemption period for owner-occupied residential property after the public trustee foreclosure sale. Lienholders may also have redemption rights. After the redemption period, the sale becomes final.
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