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Avoid and Stop Foreclosure in Denver. Has your ARM reset to a rate you can’t afford? Have you experienced some sort of financial setback? Are you facing foreclosure in Denver Colorado?
Don’t worry you don’t have to foreclose your home. There is a fast solution to your problem! In this article you will learn how to avoid and stop foreclosure proceedings and how to get help from the government. We will closely look at all processes and help you get back on track fast.
But first thing’s first in how to avoid and stop foreclosure in Denver.
Foreclosure is an auction which occurs when the homeowner fails to pay the mortgage. If it can’t be sold at an auction, it becomes a part of the lending institution.
Zillow Foreclosure Center identifies two types of foreclosure – judicial and non-judicial
Judicial Foreclosure:
Non-Judicial Foreclosure:
If you have current difficulty in paying your mortgage, contact your loan servicer immediately. Federal Deposit Insurance Corporation states that you have to make sure you work directly with your servicer or counseling agency. Offers which are too good to be true are usually a scam. Stay safe and trust only reputable services. The direct source is always your best resource.
You should also carefully study your budget – track your expenses and see which spending you can minimize.
U.S department of Housing and Urban Development presented several programs, implemented by The Obama Administration, which will help you avoid foreclosure. The list includes Making Home Affordable © (MHA) Program. Its strategy is to “help homeowners avoid foreclosure, stabilize the country’s housing market, and improve the nation’s economy.” Companies like Federal Deposit Insurance Corporation also work towards helping you make easy and affordable repayments to your home.
UAC (Urban Affairs Coalition) created a Resource Guide which will help you save your home. The guide features up-to-date information on how to avoid and stop you from losing your home.
Here are some tips on how to save your home:
If the fourth option seems the best, you’re in for a treat. I buy houses fast and for cash. Within 24 hours of filling out the form you can have a cash offer in your hand. Not only do I pay cash for houses, but I can take that house off your hands in just a matter of days as stopping foreclosure is an urgent matter.
According to the Denver Office of the Clerk and Recorder:
“Absent a renegotiation of the loan between the lender and borrower, the borrower may stop the foreclosure process by “curing” the default. This means the borrower may bring the loan up to date by paying the outstanding loan default.
The lender provides the cure amount, which may include past payment amounts due and owing, late fees, interest, attorney fees, Denver Public Trustee fees, and any other fees and charges associated with processing the foreclosure.”
Here’s how to File an Intent to Cure
Cure Deadline
Homeowners must file at least 15 days before the current auction date of their property in order to be guaranteed timely receipt of payment figures. For an Intent to Cure filed after that date, the lender’s attorney is not legally obligated to provide cure payment figures.
I buy houses all over Denver Colorado so in most cases I can reach out to you on the same day you submit the form. I understand the difficulties of being a veteran and this is the last thing a veteran needs. But I’m ready to make your life a lot easier. Get your quote and sell your house today. The fastest service you can reach me at is my phone: 303-997-2045
Foreclosure Information for Homeowners
(Click here for Spanish Information for Homeowners)
Disclaimer: This blog is for educational purposes only. Please seek legal counsel and professional advisement for help with your property on how to avoid and stop foreclosure.
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