COLORADO FORECLOSURE HOTLINE: 1-877-601-HOPE
The Colorado Foreclosure Hotline was launched on October 12th. Finally! Considering that we lead the country in foreclosures, it's about time Colorado did something to help out homeowners.
Housing counselors facilitate communication between borrowers and lenders to find ways that the borrower can avoid foreclosure. Urban estimates that statewide, approximately 1,200 borrowers who have called the hotline have now been helped either through face-to-face counseling or other assistance over the phone.
The Colorado Foreclosure prevention directs borrowers to local homeownership counselors throughout the state and is supported by a partnership of the mortgage lenders, counselors, Realtors, and state agencies, including JPMorgan Chase, the Colorado Division of Housing, the Colorado Association of Realtors, and the Colorado Housing Counseling Coalition.
Read more from the Rocky Mountain News.
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