Hotline $4 billion lifeline for homeowners/John Rebchook’s Inside Real Estate News
I got this article from John Rebchook’s Inside Real Estate News blog. http://insiderealestatenews.com/
I think it is fascinating that Colorado has a help line and most other states DO NOT.
Counselors at the Colorado Foreclosure Hotline have prevented more than $4 billion in mortgages from ending in foreclosure sales since it was launched less than four years ago.
Based on an average purchase of price of $188,349, since the hotline was launched in October 2006, HUD-approved housing counselors helping homeowners have helped 21,530 of 23,48 clients they have met in person, about a 92 percent success rate with clients who have completed the counseling process. Continue