Liens and Foreclosures

A lien is a security interest over an item of property to secure payment of a debt. An individual or company may file a lien against the debtor’s property to recover money loaned or services rendered to the debtor. It is important to file a lien as early as possible to establish priority over other lien holders. The attorneys at Bloch & Chapleau have experience filing and prosecuting a wide variety of liens, including HOA liens, construction liens, mechanic’s liens, judgment liens, insurance liens, medical liens, and attorney liens. Bloch & Chapleau can prepare and file the appropriate lien and prosecute it in the court system if necessary so that you can recover the debt owed to you.

Due to the decline of the economy, the number of property foreclosures in Colorado is at an all-time high. The foreclosure process in Colorado contains many steps and deadlines for lenders and other creditors, as well as issues with respect to property title, and it is important to know all of your potential remedies. Creditors may pursue foreclosure through the Public Trustee’s office or through a court of law in a judicial foreclosure. Once a foreclosure is initiated, proper notice must be given to the debtor, who then has an opportunity to cure. If the debtor is unable to cure the debt owed, a foreclosure sale may be held where the property is sold to the highest bidder. Junior lien holders may still exercise their right to redeem and purchase the property within a certain period after the foreclose sale. Priority of liens is vital when it comes to foreclosures and the attorneys at Bloch & Chapleau can help you navigate the foreclosure process to make sure your rights are protected.