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Answers to Your Questions

Frequently Asked Questions

You may have a few questions. That’s okay, most people do. Here is a quick collection of some of the questions people ask us, along with our answers. If you still have a question, don’t hesitate to contact us anytime. We would be happy to answer it for you.

A: Foreclosure is when a lender sells or takes your property because you stopped paying your loan.
A: Foreclosure can hurt your credit score, your future mortgage chances, your taxes, and your legal rights. It can also cause stress and hardship.
A: Some options you may have are: Loan modification, forbearance, state grants, personal loans, sale of the home, or bankruptcy.
A: The best way is to pay your loan on time and in full. If you have trouble, contact your lender and explain your situation. They may help you. You should also get professional advice from a housing counselor, a financial planner, or a lawyer.
A: The foreclosure process in Colorado can take anywhere from four to six months, depending on the type of foreclosure and whether the borrower contests the foreclosure or exercises any rights to stop or delay it.
A: Selling a property in foreclosure can help you avoid credit damage, tax liability, and legal issues. It can also help you pay off or reduce your debt. You may be able to sell your property for more than the auction or lender’s offer, and have more control over the sale.
A: Absolutely. We take your privacy seriously. Any information you provide is treated with the utmost confidentiality. Our commitment to ethical business practices is a cornerstone of our reputation.
A: We have your best interests in mind and will help to find you the best solution for your unique situation. We are not investors or real estate agents, we are just people who have experience with foreclosure and want to share it with you.

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