The best resource available to consumers facing foreclosure is the Colorado Foreclosure Hotline, which can be reached at 1-877-601-HOPE (4673). Homeowners who contact the Colorado Foreclosure Hotline to receive assistance stand a much better chance of saving their home than those who go it alone. The hotline is an immediate resource that distressed borrowers can call to receive free counseling from nonprofit, HUD-approved housing counselors. The counselors not only assist those facing foreclosure but also assist homeowners attempting to negotiate loan modifications or refinancing from their lender.
The program is administered by the Colorado Division of Housing, but many partners from the housing community came together to sponsor the hotline, including the Colorado Attorney General’s Office, lenders and nonprofit housing counselors. Since its inception in October 2006, the hotline has received more than 100,000 calls and assisted tens-of-thousands of homeowners in reaching a positive resolution.
Four out of five homeowners who speak with a Colorado Foreclosure housing counselor successfully avoided foreclosure.
If you believe you have been a victim of mortgage fraud or wish to report suspicious activity, please file a report here.