Denver Real Estate Specifics: Help before foreclosure in Colorado.

After seeing a great article in the local Greater Park Hill News, I checked into the state’s foreclosure prevention campaign.  Apparently run by the Colorado Housing Counceling Coalition, the primary support they are providing is a toll-free hot-line (1-877-601-4673) that connects concerned homeowners with free counseling to help them avoid foreclosure.  They even have a video on youtube.  

The content is pretty good, although the ending is a little dramatized.  I’m sure it’s not far off in terms of the sentiments expressed, but isn’t up for any academy awards either. That said, I’ve included the video below if you’re interested.  They have three positive options as examples, and the final example is someone who did not get help and lost their home to foreclosure.  The positive scenarios end with a pre-foreclosure sale, a negotiated repayment plan, and a morgage refinance.  Enjoy the video! (8 minutes long)