Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender.
Is the threat of foreclosure looming over you? I can help! If you’re having trouble paying your mortgage, TAKE ACTION TODAY! Contact me to learn about your options. Federal law gives you 120-days from the Notice of Election Demand (NED) date to cure your loan before the lender can start foreclosure proceedings.
Specialized Assistance
I specialize in assisting homeowners who are entering or are already in that 120-day period. I have helped others in your exact situation, and I am here to guide you through this difficult process.
Are one of these options the right choice for you?
- Refinance Replace current mortgage with a new mortgage loan and new terms.
- Forbearance Temporarily reduce or suspend monthly mortgage payments.
- Reinstatement Pay the total missed mortgage amounts all at once.
- Repayment Plan Pay past-due mortgage amounts over multiple months.
- Payment Deferral Delay past-due mortgage amounts until end of loan term.
- Loan Modification Change the terms of your existing mortgage loan.
- Sell Your Home Use the proceeds to pay-off your mortgage.
- Short Sale If you owe more than the home is worth, pay-off your mortgage with a “short sale”.
- Mortgage Release Also known as a deed-in-lieu of foreclosure. This transfers property ownership to the mortgage owner or releases you from your payment responsibilities.
Additional Resources
Even if the foreclosure process has started, there may still be ways to leave your home with less damage to your credit. The sooner you act, the better your situation may get. DON’T WAIT!
- Statewide hotline
- Provides free advice and connects homeowners with housing counselors
- Phone: 1-(877) 601-HOPE
- Emergency Mortgage Assistance Program
- Address: 1313 Sherman Street, Denver, Colorado 80203
- Phone: (303) 864-7810
- Email: dola_doh_helpdesk@state.co.us313
