Foreclosure.
Denver Revised Municipal Code § 27-115
in effectSec. 27-115. - Foreclosure.
(a) Foreclosure or other court-ordered sales. In the event of foreclosure or the acceptance of a deed in lieu of foreclosure with respect to such MPDU by a holder of a purchase money first priority deed of trust against the MPDU (the "purchase money first lien holder"), HOST shall release the covenant of record and the performance deed of trust or the lien, or both, and waive its ability to enforce the provisions of the covenant with respect to such MPDU. The purchase money first lien holder shall be the only party entitled to take the MPDU free of the covenant.
(b) In the event that the Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Housing Administration (FHA), or Veteran's Administration (VA) forecloses or accepts a deed in lieu of foreclosure the restrictions imposed by this article shall automatically and permanently terminate.
(Ord. No. 617-02, § 1, 8-5-02; Ord. No. 710-06, § 12, 10-30-06; Ord. No. 305-13, § 12, 6-24-13; Ord. No. 47-20, § 25, 3-16-20)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH27HO_ARTIVAFHO_S27-115FOFetched: 10/27/2026