Buying a home is a challenging, but very rewarding goal for many homeowners. However, sometimes life takes a different turn and it can be a struggle to keep up with the mortgage payments, which could result in a foreclosure filing.
Foreclosures can be difficult. The process is time-consuming and emotionally trying. If you know anyone who has gone through a foreclosure, then you are aware of their financial and emotional hardships.
We’ve seen this happen, which is why, at Alaris Properties, we do our best to help families avoid foreclosure.
Things are looking pretty good in Colorado right now. Foreclosure filings were down 24.7 percent in the state during the first quarter of 2014, compared to the first quarter of 2013. Completed foreclosures have also fallen significantly over the same period, dropping 41.5 percent from 2013’s first quarter total of 2,935 to this year’s first quarter total of 1,718.
The numbers may look good, but we know there are families out there facing hardship. Our office has helped hundreds of homeowners avoid foreclosure using a technique called a short sale. If you or someone you know is in danger of foreclosure, contact Alaris today and talk to an expert.