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Updated over 6 years ago,

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Is it illegal to approach people in pre foreclosure in Colorado?

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Posted

Could someone fill me in? I have been reading about the Colorado "Foreclosure Protection Act" but not totally sure if it affects me.

I was planning on using pre foreclosure as a source of leads for wholesaling, and assigning these over to other investors. But do not want to get into any legal troubles for it. 

To be more specific my script would be approaching them via call saying "I just wanted to give you a quick call about your property over on _______ (Address), I understand that there may be a pending problem, but we are actually a team of real estate investors here in _____ (Market), and we buy houses, for cash, for fix and flip and rental purposes and wanted to see if you had a thought about selling, or if you would consider a cash offer for the property?"

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