The Foreclosure Hotline

by Osman Parvez

Number: 1-877-601-HOPE (4673)
What is it? Help for tens of thousands of Colorado homeowners who are delinquent on their mortgages or may miss a mortgage payment
When you should call: First signs of trouble
What they can do: Counselors can act as intermediaries between you and lenders, give you a game plan, help you organize your finances, avoid scams, reduce your potential liability, and possibly sell or keep your home.
Remember: Foreclosures lower values of surrounding homes. Every foreclosure on average costs a municipality an estimated $10,000 per home for additional costs, such as police protection. They also are magnets for crimes, such as meth labs, and ultimately will lower property taxes, hurting schools. Foreclosures are everyone's problem.

From the Rocky Mountain News

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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties.   We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate. 

Please Note

This document contains forward-looking statements. You are strongly cautioned that investment results are subject to business, economic and other uncertainties. There are no guarantees associated with any forecast and the opinions stated here are subject to change at any time. Always consult your financial advisor before making an investment decision.