Foreclosure, the forced sale of a piece of property to repay a debt, is conducted by the Office of the Lake County Public Trustee on Deeds of Trust containing a power of sale. Colorado Revised Statutes specify the procedure for conducting the foreclosure, which must be followed exactly.

Involved Parties

The Deed of Trust is an agreement between three parties:

  • The Grantor (owner)
  • The Beneficiary (lender)
  • The Public Trustee (who has the power of sale)


Visit the Colorado General Assembly website. Please use due diligence to determine any and all laws that may apply to any actions you may take.

Note: Due to significant changes in the law, the way in which a foreclosure is processed depends on the date the Notice of Election and Demand (NED) was recorded with the Lake County Clerk and Recorder. 

Notice to an Owner in Foreclosure

If your property goes to foreclosure auction sale and is purchased for more than the total owed to the lender and to all other lien holders, please contact the public trustee’s office after the sale because you may have funds due to you. C.R.S. 38-38-111 (2.5) (a).

The Office of the Lake County Public Trustee has created this website for educational purposes; it is not intended to serve as legal advice.

Foreclosure List