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Colorado "Rule 120" Hearings Likened To A Mirage Offering Borrowers Facing Foreclosure Hope That Disappears The Closer They Come To It

By r morris

The Denver Post reports:Borrowers facing foreclosure in Colorado have a right to a hearing before a county judge. But consumer advocates argue the proceeding, called a Rule 120 hearing, is so narrow in scope it doesn't provide much protection or relief.Public trustees or county treasurers handle foreclosures in Colorado, and they can't sell a home at auction without a judge's approval. The

Full post as published by The Home Equity Theft Reporter on November 09, 2010 (boomark / email).