Short Sales Helping Denver Homeowners Avoid Foreclosure

By teamcox • April 19th, 2009

The Denver Post reported last week that Colorado’s foreclosure activity decreased by a third during the first three months of this year. Colorado’s current foreclosure rate, which is one foreclosure filing for every 169 homes, now hovers near the national foreclosure rate. This is great news for the Denver real estate market, as the high number of foreclosures continues to be a huge weight to bear on its path to recovery. 

 

It is likely that the popularity of short sales in Colorado, including in the Denver metro area, has helped the foreclosure rate. A short sale, which means to sell your home at a mutually agreed price by you and your lender, is a dignified option in a grim financial situation. To successfully sell your property through a short sale, you will need to enlist the help of a trained real estate professional, preferably a Certified Distressed Property Expert, or a CDPE. A CDPE is a professional who has been trained to assist distressed homeowners avoid foreclosures through several methods, including: a short sale, a refinance, or a loan modification.

TeamCox Realtors is one of the few Denver-area agents who have undergone the rigorous CDPE training.  Since completing our training, we have already helped several struggling Denver homeowners avoid foreclosure. We feel so grateful to have been given the opportunity to make a few futures brighter. If you are looking to avoid foreclosure in Denver, please contact us at 303-400-6060. We are here to help you.

Visit TeamCox’s Foreclosure Resource Center

 

 

 

 

 

 

 

 

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