New Guidelines in Place to Help Denver Homeowners Avoid Foreclosure

By teamcox • December 1st, 2009

Avoid Foreclosure in DenverThe U.S. Treasury set long-awaited guidance yesterday, through the Home Affordable Foreclosure Alternatives Program, which is designed to expedite the short sale process of homes and for other loan modification alternatives to slow the rising rampant pace of foreclosures.

Since TeamCox Realtors, Certified Distressed Property Experts, or “CDPE,” actively helps distressed Denver homeowners facing foreclosure, we are pleased to see this new piece of legislation. A few of the new guidelines are setting limits on the time it takes a bank to approve an offer and capping claims of subordinate lenders.

If you are in financial difficulty and facing foreclosure, pick up the phone and call a knowledgeable real estate agent immediately.  Do not delay.  We can help, and now with the Dept. of the Treasury behind us, we have greater means of offering assistance.

Avoid Foreclosure in Denver

What is a Short Sale?

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