A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower. Related Articles: Why Mortgage Interest Rates May Vary for Colorado HomebuyersMortgage rates in Colorado can differ from the national average, including factors such as supply and demand and state regulations.The Comprehensive Mortgage Glossary for Denver Home BuyersTo help you navigate the mortgage process in Colorado with confidence, we've compiled an extensive glossary of essential terms.
