You Can Avoid Foreclosure

If you are having difficulty paying your mortgage on time or know you will have difficulty in the near future, call your lender. Your lender is your biggest ally if you are having problems paying your mortgage, and the sooner you reach out for assistance, the more help they can provide. Your lender – also called a servicer – has a variety of options to help you with your mortgage and avoid foreclosure. These options include:

Refinance Short Sales (our specialty) The President's Making Home Affordable Plan Loan Modification Deed-in-Lieu Forbearance Repayment plans

You can find your lender's contact information on your mortgage statement or coupon book. If your lender has called or mailed you documents, do not ignore them. Your lender is trying to help you. Remember, when you contact your lender early, there is a greater chance your lender can help you with your mortgage and avoid foreclosure. Be honest with your lender and remember conversations are usually recorded.

Are You Facing Foreclosure?

A some point you may not be able to pay your mortgage and have stopped making payments. Has a Notice of Election & Demand for Sale (NED) been filed at the Public Trustee’s office by your lender. If you have not made payments to your lender for several month you may be receiving notice soon. In Colorado, this officially starts the “foreclosure clock.” This is the point at which your lender has moved from asking you to catch up the delinquent payments to actually foreclosing. In Colorado, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process (see foreclosure law). The foreclosure process culminates with the trustee’s sale, which must occur no less than 90 days after the NED is filed & no more than 120 days after the filing. If the property goes to the trustee’s sale, and is sold, you have no recourse.

Don’t Wait!!

Now is the time for you to explore & consider all of your options. There is no “standard” advice. Every situation is unique… there are variables, such as 2nd mortgages, other lien holders, HOA dues & more which need to be taken into account. Use the form on the right side to get started. We will look up your address to see what kind of situation you have and then we will contact you for free advice.

Help for Homeowners

Please use the self-assessment tools provided on The President's Making Home Affordable Program website to see if you are among the millions of homeowners who may be able to benefit from this free resource.

You can also connect with a HUD-approved housing counselor through HOPE LoanPort.

Beware of Foreclosure Rescue Scams, Help Is Free!

There's never a fee to get help with Making Home Affordable from your lender or a HUD-approved housing counselor. Beware of anyone who asks you to pay a fee in exchange for housing counseling services or modification of a delinquent loan. Do not pay – walk away! Beware of people who pressure you to sign papers. Beware of anyone who says they can "save" your home if you sign or transfer over the deed to your house. Do not sign over the deed to your property to any organization or individual unless you are working directly with your mortgage company to forgive your debt. Never submit your mortgage payments to anyone other than your mortgage company without their approval.

Report Scams

Fight back against loan modification scammers! If you think you've been scammed or approached by a company or individual promising to help you with your foreclosure, report it immediately!

Learn more about loan modification scams – knowledge is your best defense.