C.R.S. Section 38-38-501
Title vests upon expiration of redemption periods

  • confirmation deed

(1)

Upon the expiration of all redemption periods allowed to all lienors entitled to redeem under part 3 of this article or, if there are no redemption periods, upon the close of the officer’s business day eight business days after the sale, title to the property sold shall vest in the holder of the certificate of purchase or in the holder of the last certificate of redemption in the case of redemption. Subject to the right to cure and the right to redeem provisions of section 38-38-506 and subject to the provisions of section 38-41-212 (2), such title shall be free and clear of all liens and encumbrances junior to the lien foreclosed. No earlier than ten business days nor later than fifteen business days after both the title vests and the officer has received all statutory fees and costs, the officer shall execute and record a confirmation deed pursuant to section 38-38-502 or 38-38-503 to the holder of the certificate of purchase or, in the case of redemption, to the holder of the last certificate of redemption confirming the transfer of title to the property; except that the officer shall execute and record a confirmation deed prior to the tenth business day after title vests, if the officer has received all statutory fees and costs and notice from the appropriate holder that the certificate will not be assigned. But under no circumstances shall the officer be required to issue a confirmation deed unless the officer has received an order authorizing the sale that meets the requirements of section 38-38-105 (2)(a). Failure of the officer to execute and record such deed or to record the deed within the time specified shall not affect the validity of the deed or the vesting of title.

(2)

Notwithstanding any provision of law to the contrary, an officer may not include an assignee as a grantee in a confirmation deed, unless:

(a)

The officer has received a copy of the assignment executed in accordance with section 38-38-403 within ten business days after title vests; and

(b)

The assignment was dated, signed, and notarized or recorded prior to the time title vests.

Source: Section 38-38-501 — Title vests upon expiration of redemption periods - confirmation deed, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-38.­pdf (accessed Oct. 20, 2023).

38‑38‑100.3
Definitions
38‑38‑101
Holder of evidence of debt may elect to foreclose
38‑38‑102
Recording notice of election and demand - record of sale
38‑38‑102.5
Notice prior to residential foreclosure - hotline
38‑38‑103
Combined notice - publication - providing information
38‑38‑103.1
Single point of contact - servicer to designate - duties - exemption
38‑38‑103.2
Dual tracking prohibited - notice to officer - continuation of sale pending inquiry
38‑38‑104
Right to cure when default is nonpayment - right to cure for certain technical defaults
38‑38‑105
Court order authorizing sale mandatory - notice of hearing for residential properties - definition
38‑38‑106
Bid required - form of bid
38‑38‑107
Fees and costs - definitions
38‑38‑108
Date of sale
38‑38‑109
Continuance of sale - effect of bankruptcy - withdrawal of sale
38‑38‑110
Sales by officer - location - announcement - records - electronic devices - definitions
38‑38‑111
Treatment of an overbid - agreements to assist in recovery of overbid prohibited - penalty - definition
38‑38‑112
Use of electronic documents authorized
38‑38‑113
Rescission of public trustee sale
38‑38‑114
Unclaimed refunds - disposition under “Revised Uniform Unclaimed Property Act”
38‑38‑201
Foreclosure of installments without acceleration
38‑38‑301
Holder of certificate of purchase paying charges - redemption
38‑38‑302
Redemption by lienor - procedure
38‑38‑304
Effect of redemption
38‑38‑305
Lessee, easement holder, and installment land contract vendor considered as lienors - installment land contract vendee considered as an owner
38‑38‑306
Rights of other lienors to redeem - definition
38‑38‑401
Certificate of purchase - issuance
38‑38‑401.5
Certificate - priority of lien
38‑38‑402
Certificate of redemption - issuance
38‑38‑403
Certificates assignable
38‑38‑405
Certificate as prima facie evidence
38‑38‑501
Title vests upon expiration of redemption periods - confirmation deed
38‑38‑502
Form of confirmation deed for public trustee’s sale
38‑38‑503
Form of confirmation deed for sheriff’s sale
38‑38‑504
Deed evidence of compliance
38‑38‑505
Effect of foreclosures as to certain classes of persons
38‑38‑506
Omitted parties - definitions
38‑38‑601
Receiver appointed upon application
38‑38‑602
Appointment of receiver to prevent waste
38‑38‑701
Application - use of term “foreclosure”
38‑38‑702
Limitation of officer’s liability
38‑38‑703
No waiver of or agreement to shorten right to cure
38‑38‑704
Providing information to homeowner and public
38‑38‑705
Curative provisions
Green check means up to date. Up to date

Current through Fall 2024

§ 38-38-501’s source at colorado​.gov