Thousands of Homeowners are in Foreclosure Across the Denver Metro Area

What is causing thousands of Homeowners to go into Foreclosure? What is happening to their homes? There are effective ethical legal remedies available, but time is running out.

Denver, CO December 20, 2004 -- Tragic circumstances and unforeseen events occur. The average homeowner gets behind on their mortgage payments due to illness, loss of work, lawsuits, and divorce. All these events lead to daily sale of homes on courthouse steps around the country. Late fees, legal fees, and inspection fees all accrue against the delinquent homeowner making it difficult to catch up and bring their account current. Many homeowners report that lenders will not negotiate the arrearages in favor of the homeowner, according to Jeff Terrell, a Loss Mitigator working with foreclosures across the United States.

With lenders resistance to negotiate with delinquent homeowners what choices do homeowners have?

Many delinquent homeowners resign their situation and move out of the house losing equity and a good credit rating. As a result houses sit vacant in neighborhoods attracting crime and vandalism. Lenders are unprepared with sudden property management responsibilities.

Predatory investors search out pending foreclosures to force a quick, short sale. The homeowner agrees to sign over their deed to the investor. The investor negotiates with the lender to purchase the property for a lower price than owed. Mr. and Mrs. Homeowner lose equity and often still owe money on a house they no longer own. Homeowners should exercise extreme caution in this situation.

Yet, other homeowners have found relief through Loss Mitigation. Loss mitigation is relatively new, but is rapidly growing in the United States. Lenders are required to reach acceptable terms to settle pending foreclosures. Many homeowners have difficulty effectively negotiating with their lender. Companies have been created to deal on the homeowners behalf with lenders throughout the United States. Many of these firms are charging advance fees and guarantee that foreclosure will be stopped. However, reliable companies in the loss mitigation industry will not charge advance fees or guarantee every homeowner can be helped. Many homeowners are facing foreclosure and are seeking solutions which leave them in their home. Some options benefit other parties more than the homeowner. Only Loss Mitigation can achieve the most positive outcome for all concerned.

About Freedom Foreclosure Prevention Service
Providing professional Loss Mitigation services to homeowners throughout the United States for the past 21 years. We have 47 unique programs designed to keep the homeowner in their home. Effective with 97% of applicants. BBB member.

For additional information, contact:
Jeff Terrell
Freedom Foreclosure Prevention Service
303-472-2911
http://www.keepyourhouse.biz

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