On the same day that Granby Ranch\u2019s lender filed a judicial foreclosure complaint that put Granby Ranch property in the hands of a court-appointed receiver, the lender also filed a non-judicial foreclosure with the Grand County public trustee.<\/p>\n
There are two foreclosure processes that a lender may pursue when attempting to recover a loan. Lenders often opt to pursue one foreclosure proceeding or the other.<\/p>\n
Those familiar with foreclosure proceedings say it is unusual to pursue both as lender Granby Prentice LLC did.<\/p>\n
A judicial foreclosure is a civil lawsuit against the borrower handled by the court. A non-judicial foreclosure in Colorado does not go through the courts and instead is handled by the county\u2019s public trustee who acts as an impartial party handling the sale of a foreclosure.<\/p>\n
The court accepted Granby Prentice\u2019s judicial filing and
\nappointed a receiver. Granby Ranch\u2019s owner has responded to the foreclosure
\ndisputing allegations.<\/p>\n
The public trustee returned the non-judicial case to Granby
\nPrentice explaining issues with the foreclosure filing, in part because of the
\ncomplex nature of the case and inaccuracies contained within.<\/p>\n
According to Grand County\u2019s Public Trustee Christina Whitmer, a non-judicial foreclosure is typically a simpler process while the court process is used in more complex types of deeds of trust.<\/p>\n
\u201cFor us, it has to be very black and white,\u201d Whitmer
\nexplained. \u201cStep by step, you have to be able to track everything. This case is
\ntoo convoluted.\u201d<\/p>\n
Whitmer said that Granby Prentice\u2019s foreclosure, which
\nincludes five deeds of trust, multiple amendments, assignments and releases, would
\nbest be handled by the judicial system.<\/p>\n
\u201cI don\u2019t know what their intent was showing us the
\nforeclosure,\u201d Whitmer said.<\/p>\n
The filing was missing some key parts. Whitmer said it did not contain the original loan document, including incorrect paperwork and was filed by a California-based attorney. This is an issue because California attorneys cannot foreclose in Colorado.<\/p>\n
Granby Prentice\u2019s judicial foreclosure lists a Denver lawyer.<\/p>\n
It seems Granby Prentice will be moving forward with the judicial procedure, and those involved with the case say the process could take more than a year as it moves through the courts.<\/p>\n
More coverage:<\/strong> On the same day that Granby Ranch\u2019s lender filed a judicial foreclosure complaint that put Granby Ranch property in the hands of a court-appointed receiver, the lender also filed a non-judicial foreclosure with the Grand County public trustee. There are two foreclosure processes that a lender may pursue when attempting to recover a loan. Lenders […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97],"tags":[],"class_list":["post-39992","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-09-09 01:08:43","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KIFT - The LIFT FM","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kift","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/39992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/comments?post=39992"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/39992\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/media?parent=39992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/categories?post=39992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/tags?post=39992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Granby Ranch responds to foreclosure suit<\/a>
Granby Ranch faces foreclosure as property goes to receiver<\/a>
Owner of Granby Ranch to surrender property as lender takes over<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"