Wednesday, September 08, 2010
Colorado Foreclosure Hotline

Brothers Redevelopment administers and headquarters the Colorado Foreclosure Hotline—a network of some 27 HUD-approved housing counseling agencies located throughout the state. Established in 2006, the Hotline connects callers with the agency nearest their property in danger of foreclosure. 

The goal? To encourage callers to meet with a housing counselor who can provide basic mortgage and financial information and serve as a liaison between borrowers and mortgage companies.

To date, the Colorado Foreclosure Hotline has helped thousands of Coloradans.

According to officials with the Colorado Division of Housing, four out of five homeowners who meet with a housing counselor reach some sort of positive resolution and avoid foreclosure.

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