Castle Rock, CO asked in Bankruptcy for Colorado

Q: Can the 2nd mortgage collect after foreclosure, CO statute says all junior liens are "free and clear"?

I now live in another state and would like to buy a home here but no one can seem to answer my questions.

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1 Lawyer Answer
  • Bankruptcy Lawyer
  • Evergreen, CO
  • Licensed in Colorado

A: Unless the debt was discharged in a bankruptcy or forgiven by the lender, the 2nd mortgage note still survives and can be enforced against you.

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