Form CPF-47 Notice of Intent to Cure - Colorado

What Is Form CPF-47?

This is a legal form that was released by the Colorado Secretary of State - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a CPF-47 notice of intent to cure?
A: A CPF-47 notice of intent to cure is a legal document used in Colorado to inform a borrower that they have an opportunity to cure a default on their mortgage by making a payment or taking other necessary actions.

Q: When is a CPF-47 notice of intent to cure issued?
A: A CPF-47 notice of intent to cure is issued when a borrower has fallen behind on their mortgage payments and the lender wants to give them a chance to bring their mortgage current.

Q: What are the requirements for curing a default?
A: The requirements for curing a default vary depending on the terms of the mortgage agreement, but generally it involves making payment for the missed payments along with any applicable fees and penalties.

Q: How much time is usually given to cure a default?
A: The amount of time given to cure a default can vary, but it is usually a minimum of 30 days from the date of the notice.

Q: What happens if the borrower fails to cure the default?
A: If the borrower fails to cure the default within the specified time period, the lender may proceed with foreclosure proceedings.

Q: Can a borrower cure a default after foreclosure proceedings have started?
A: In some cases, a borrower may still have the opportunity to cure a default even after foreclosure proceedings have started, but this is not guaranteed and may be subject to additional requirements or costs.