Foreclosures are a serious problem in Englewood and throughout Colorado.  Nearly two-thirds of delinquent borrowers are unaware of the workout options with their lenders.  In over half of all foreclosure cases, borrowers never contact their lender.

If your home is lost due to foreclosure, you could be faced with serious federal tax consequences and future credit problems.  The Colorado Foreclosure Hotline  (outside link) can help.

1. Don't Wait to Take Action - You have a much greater chance of keeping your home if you seek help before you are past due.
2. Know Your Options - When you call, a trained housing specialist will confidentially work with you and your lender to assist you in evaluating your financial situation.  Possible options include forbearance, which temporarily delays or reduces payments, and loan modifications, which can restructure the payment terms for a fixed period.
3. Hotline Advice is Free - Find a source that is committed to helping you.  The Colorado Foreclosure Hotline (outside link) is your source and it is FREE!
4. Be Careful - Before you sign anything, get the information you need to make good financial decision.  Don't fill out online forms or respond to companies that contact you directly.  Some companies only want to steal your money and/or equity.

Protect your future by allowing the Colorado Foreclosure Hotline assist you before you make any decisions.  Call 1-877-601-HOPE or visit their website at www.HousingCounseling.com (outside link). The Hotline is sponsored by the Colorado Division of Housing and the Colorado Attorney General's Office.