Escrow & Title
In Colorado, a 'confirmation of sale' in a foreclosure proceeding confirms:
AA. The property's market value
BB. The court's approval of the foreclosure sale (in a judicial foreclosure), establishing the purchase price as final✓ Correct
CC. The buyer's right to immediate possession
DD. The title company's insurance coverage
Explanation
In a judicial foreclosure (less common in Colorado, which primarily uses non-judicial public trustee sales), a court must confirm the sale after it occurs, examining whether proper procedures were followed and approving the final sale price. Confirmation removes the prior owner's remaining rights to challenge the sale.
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