Thank you for your question.To answer your question directly, the answer is 'no' because then a deed of trust is beyond the statutory period for collections. While the holder of the deed of trust can potentially attempt to execute, if the other party contests and brings up the fact that this debt is outside the statute of limitations for collections, the courts will dismiss the claim outright.Good luck.
Thank you for a fast and direct answer, what is the term of statute of limitation on this deed of trust
Thank you for your follow-up, Nicl.Colorado has a 3 year statute for contracts. A deed of trust is a contract and is covered under the statute. Even if the deed of trust holder argues that this is a debt, that statute is only a 6 year statute, and in either case the statutory attempt to collect has passed.Here is the direct link to the statute:§13-80-101http://search.jurisearch.com/NLLXML/getcode.asp?userid=GUEST9&interface=&statecd=CO&codesec=13-80-101&sessionyr=2012&Title=13&datatype=S&noheader=1&nojumpmsg=0
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).