Colorado Foreclosure Hotline to Continue

Some more good news for the Colorado foreclosures market. The Colorado foreclosure hotline will maintain operations for at least 2 more years thanks to a $600,000 grant. This is good news all around. Not only will it help more homeowners avoid foreclosure, but the reduction in foreclosures this hotline provides will improve the overall market.

We help dozens of homeowners every year avoid foreclosures by selling the homes via short sale. This is just one of the options available to you if you're struggling with your mortgage payments. Other include mortgage adjustments, refinancing and in some cases, deed-in-lieu. If you are struggling, give the hotline or our team a call and we'd be happy to point you in the right direction. Us: 303-726-1874. Foreclosure Hotline: 1-877-601-4673.

From the Denver Business Journal

The Colorado Foreclosure Hotline will continue to operate for at least two more years, thanks in part to a $600,000 grant from the Colorado Attorney General's office, it announced Thursday.

Brothers Redevelopment, a nonprofit company, manages the hotline, which allows homeowners to tap into a network of 24 U.S. Department of Housing and Urban Development U.S. Department of Housing and Urban Development approved housing counseling agencies.

The hotline, 1-877-601-4673, fields an average of 3,000 calls per month with advice on how to avoid foreclosure and different options available. Since the hotline was formed in 2006, more than 140,000 people have called and counselors have helped some 30,000 homeowners.

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