Hello Homeowners, You’re Not Alone!
Welcome, you’re not alone, and I’m not here to judge you; I’m here to help you.
In 2008, there were over 39,000 foreclosure filings in Colorado. And in 2009 there were over 45,000 filings. After 14 years of strong price appreciation, the foreclosure boom is upon us. The numbers continue to get worse and show no sign of getting better until late 2033/2024. Nationwide, in 2008, almost 10% (1 in 10) loans was in default or facing foreclosure, in 2009 and 2010, the numbers increased even more. The economy improved until the Great Pandemic in 2020. Now, in 2023, foreclosure are back! People from all incomes and backgrounds are facing financial trouble and the problem is getting worse… You’re Not Alone!
CO foreclosure filings 2009 – 2022
CO foreclosure filings and sales, 2003 – 2022
Colorado Foreclosure Filings and Sales: The graph above shows the number of foreclosure FILINGS & SALES by each year from 2003 through 2020. The trend is expected to increase (get worse) through 2023.
The difference between Filings and Sales is that the number of sales decreases because the homeowner either sells the property (i.e. short sale) or brings the loan current.
You probably have many questions and concerns regarding your home and the foreclosure process. You’re probably wondering how long you can go on under the heavy burden you are carrying before things will either completely fall apart, or hopefully, they turn around.
Don’t despair. I’m here to help you through this difficult time. You’re Not Alone.
With the current economic difficulties as well as the declining home values, many families are finding that they can not maintain their home-this can be very stressful for you and your family.
This stress can affect your health, your family life, your work life, and your personality. I understand what you are going through and I am not here to judge you – I’m here to help you. I’m a licensed real estate agent, Realtor, and Certified Distressed Property Expert.
Help is only a phone call (or email) away! I’ll look out for YOUR BEST INTEREST! I’m here to talk with you and make sense of this very difficult time.
Contact me via email (anytime 24/7) or phone between 9am and 6pm on Monday through Friday, and 10am-4pm on Saturday or Sunday.