HB 17-1199 Summary

• Excludes information about single point of contact or dual tracking violations from published foreclosure sale notices.

• Clarifies that the deadline for a public trustee or sheriff to continue a foreclosure sale is the scheduled date and time of the sale, and requires written requests for continuance to be made before the scheduled date and time.

• Establishes procedures for foreclosure sales held in violation of federal bankruptcy automatic stay, with different outcomes depending on whether full payment is received before bankruptcy notification.

• Requires procedures for sales set aside by court order to mirror public trustee sale rescission procedures, including recording the court order with marked documents and rescheduling timelines.

• Eliminates the requirement for persons rescinding a foreclosure sale to provide addressed and stamped envelopes to the public trustee.