{"id":21068,"date":"2020-01-22T15:08:37","date_gmt":"2020-01-22T22:08:37","guid":{"rendered":"https:\/\/www.skyhinews.com\/?p=62577"},"modified":"2020-01-22T15:08:37","modified_gmt":"2020-01-22T22:08:37","slug":"granby-ranchs-lender-began-foreclosure-with-unusual-move","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/krky\/local-news\/granby-ranchs-lender-began-foreclosure-with-unusual-move\/","title":{"rendered":"Granby Ranch\u2019s lender began foreclosure with unusual move"},"content":{"rendered":"
\n
\"Granby
The Granby Realty Holdings property is in the hands of a receiver as it faces foreclosure proceedings from its lender, Granby Prentice.<\/strong>
Amy Golden \/ agolden@skyhinews.com<\/em><\/figcaption><\/div>\n<\/figure>\n

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 appointed a receiver. Granby Ranch\u2019s owner has responded to the foreclosure disputing allegations.<\/p>\n

The public trustee returned the non-judicial case to Granby Prentice explaining issues with the foreclosure filing, in part because of the complex 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 explained. \u201cStep by step, you have to be able to track everything. This case is too convoluted.\u201d<\/p>\n

Whitmer said that Granby Prentice\u2019s foreclosure, which includes five deeds of trust, multiple amendments, assignments and releases, would best be handled by the judicial system.<\/p>\n

\u201cI don\u2019t know what their intent was showing us the foreclosure,\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>
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

via:: Sky-Hi News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Granby Realty Holdings property is in the hands of a receiver as it faces foreclosure proceedings from its lender, Granby Prentice.Amy Golden \/ agolden@skyhinews.com 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 […]<\/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":[56],"tags":[],"class_list":{"0":"post-21068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-17 15:37:46","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":"KRKY Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/krky","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/21068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/comments?post=21068"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/posts\/21068\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/media?parent=21068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/categories?post=21068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/krky\/wp-json\/wp\/v2\/tags?post=21068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}