Avoiding Colorado Springs ForeclosureForeclosures in Colorado Springs are at an all time high.  No area is immune.  Chances are someone you know in Colorado Springs and surrounding areas is facing the possibility of foreclosure.  It is important to know that they are not alone.  Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify the available options. Foreclosure can be avoided, credit can be saved, and financial futures can be salvaged.

An even more staggering statistic is that more than 7 out of every 10 foreclosures (bank seizures) occur without the homeowner ever seeking professional intervention.

There are a number of options available to Colorado Springs families facing foreclosure.  See some of the options below:

  1. Reinstatement
  2. Forbearance or Repayment Plan
  3. Mortgage Modification
  4. Rent the Property
  5. Deed in Lieu of Foreclosure
  6. Bankruptcy
  7. Refinance
  8. Servicemembers Civil Relief Act (military personnel only)
  9. Sell the Property
  10. Short Sale

There are ways to avoid foreclosure in Colorado Springs and surrounding areas.  Contact a Certified Distressed Property Expert to find out.