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Colorado Protects Homeowners with New HOA Foreclosure Laws

3/30/2025

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Summary

Story summary

In a significant move for homeowners in Colorado, new legislation is set to shield them from HOA foreclosures. House Bill 1337 mandates that HOAs must file lawsuits before initiating foreclosure and limits attorney fees. Additionally, House Bills 1043 and 1123 introduce a nine-month grace period for home sales and require mediation for disputes, addressing the alarming 3,000 foreclosure cases filed by HOAs since 2018.

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Story summary

In a significant move for homeowners in Colorado, new legislation is set to shield them from HOA foreclosures. House Bill 1337 mandates that HOAs must file lawsuits before initiating foreclosure and limits attorney fees. Additionally, House Bills 1043 and 1123 introduce a nine-month grace period for home sales and require mediation for disputes, addressing the alarming 3,000 foreclosure cases filed by HOAs since 2018.