Court of Appeal Decision Mandates Junior Lienor Accept Payoff of Judgment Lien After Foreclosure Sal
The Colorado Court of Appeal's recent decision in Mortgage Investments Enterprises, LLC v. Oakwood Holdings, LLC, 2016COA111 (Colo.App.July 14, 2016) clarifies the respective rights and obligations of Certificate of Purchase Holders and Junior Liners following a foreclosure sale. The foreclosure process, whether through the Public Trustees office or via Sheriff's sale, is one method by which creditors can secure repayment of debts. Once a property is auctioned and sold, the