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Foreclosure Help Colorado

Question: The mortgage holder of this house is deceased, can the bank foreclose with quitclaim deed?

I live in Colorado and 2.5 years ago my grandmother bought a house and signed a quitclaim deed leaving it to me. When she died two years ago, we called the mortgage company and they told us we could keep making payments on the house. My husband recently lost his job and I had a baby, and because of this we've fallen behind on our payments and the lender is threatening foreclosure. But they keep sending letters and calling for my deceased grandmother. In Colo, with a quitclaim deed leaving the house to me, can they legally foreclose on the house or can we keep it even if payments are not made? I'm confused on "due on sale" clauses and liens and such issues. Please help me, especially if you're knowledgeable on these areas. Thanks!

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Answer: they can and will foreclose unless you get ahold of them and make arrangements, it is actually not that cost effective for the banks to foreclose so they will try and help if you make the initiative if not...

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