Skip to main content
Find a Lawyer

Colorado Revised Statutes Title 38. Property Real and Personal § 38-38-305.5. Persons considered as lienors--redemption of property

Current as of January 01, 2025 | Updated by Findlaw Staff

(1)(a) For the purpose of this article 38, the following people are deemed alternate lienors without a lien amount:

(I) The unit owner that has an interest appearing by an instrument recorded in the office of the clerk and recorder of the county prior to the recording of the lis pendens is the first priority;

(II) A tenant of the unit, if the tenancy commenced prior to the recording of the lis pendens and if the lease is not recorded, is the second priority;

(III) A nonprofit entity that has a primary purpose to develop or preserve affordable housing is the third priority;

(IV) A community land trust is the fourth priority;

(V) A cooperative housing corporation formed pursuant to article 33.5 of this title 38 is the fifth priority; and

(VI) The state of Colorado or a political subdivision of the state of Colorado is the sixth priority.

(b) An alternate lienor's ability to redeem the property is subject to:

(I) A lienor that holds evidence of debt secured by the property; or

(II) A person that is deemed a lienor under section 38-38-305.

(c) If an alternate lienor redeems after the redemption of a lessee or easement holder, the alternate lienor, in acquiring the property, takes the property subject to the lease or easement.

(2) This section does not affect the rights under this article 38 of a lessee whose residential lease is recorded.

(3) This section applies to the foreclosure of a lien in a unit in a common interest community by an association, as defined in section 38-33.3-103(3).

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Colorado Revised Statutes Title 38. Property Real and Personal § 38-38-305.5. Persons considered as lienors--redemption of property - last updated January 01, 2025 | https://codes.findlaw.com/co/title-38-property-real-and-personal/co-rev-st-sect-38-38-305-5/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard