Tuesday, May 17, 2011

Free Foreclosure Prevention Event in Glenwood Springs

Colorado Foreclosure Hotline Hosts Free
Foreclosure Prevention Event in Glenwood Springs
***Housing Counselors to help homeowners in Garfield, Delta,
Eagle, Pitkin and Summit counties
***Appointments required for June 4 bilingual event

May 17, 2011--The Colorado Foreclosure Hotline will host a free Foreclosure Prevention Event from 9 a.m. to 3 p.m. on Saturday, June 4, at the Glenwood Springs Community Center, located at 100 Wulfsohn Road, in Glenwood Springs.

Hosted in cooperation with the Garfield County and Grand Junction housing authorities, the free bilingual event will serve as many as 50 homeowners who reside in Garfield, Delta, Eagle, Pitkin and Summit counties and who have fallen behind on their mortgage payments or are facing foreclosure.

Given that filings in at least one of the four counties (Garfield) increased by 27 percent during the first quarter of 2011, the Foreclosure Prevention Event will prove to be a timely resource for homeowners hoping to hold onto their homes or find another favorable outcome.

During the day-long event, homeowners will be able to meet with a HUD-approved housing counselor with whom the can discuss their situation in detail and review their many options to prevent foreclosure. Plenty of bilingual counselors also will be on hand to meet with Spanish-speaking homeowners.

“As housing counselors, our desire is to directly serve as many homeowners as we can throughout the state,” said Shannon Peer, hotline director. “And with a dearth of available counselors in some of the mountain and Western Slope communities, this event will make for a great opportunity for those of us in the Hotline network to meet with those folks who are concerned with losing their home.”

A face-to-face consultation with a knowledgeable housing counselor can make all the difference for a struggling homeowner. According to the Colorado Division of Housing, four out of five homeowners who have met with a Colorado Foreclosure Hotline counselor have achieved an outcome favorable to their specific situation.

To participate, a homeowner MUST call the Hotline at 1-877-601-4673 to schedule an appointment. Appointments will be scheduled on a first-come, first-served basis.

Established in 2006 and administered by Brothers Redevelopment, the Colorado Foreclosure Hotline enables homeowners who have missed or expect to miss a mortgage payment to call the Hotline (1-877-601-HOPE) free of charge, type in their zip code and speak to a Housing Counselor at a HUD-approved Housing Counseling agency nearest them.

In all, more than 130,000 Coloradans have called the Hotline since its inception for help in holding onto their homes. The network’s counselors, meanwhile, have helped more than 25,000 Coloradans better understand their options to reach a positive resolution--defined as the best workout option for a homeowner that prevents the foreclosure from completing and being added to a homeowner’s credit report.

For more information, visit the Colorado Foreclosure Hotline’s website: www.coloradoforeclosurehotline.org.