From 9News.com:
Colorado Attorney General John Suthers has awarded a two-year, $600,000 grant to the nonprofit Foreclosure Hotline in hopes of helping more homeowners trying to avoid losing their homes. "The Colorado Foreclosure Hotline is the best resource available for consumers facing foreclosure," Suthers said in a Tuesday news release. "It is free and has a proven record of helping homeowners in distress assess their options and make an informed choice."
The grant will allow the hotline to continue its work for the next two years. The grant money came from fines and penalties from Countrywide Financial Corporation and Wells Fargo. The money was gained in a settlement to resolve allegations related to mortgage fraud by the Colorado Attorney General's Office.
The hotline is managed by the nonprofit Brothers Redevelopment. It serves as a network of more than two dozen HUD-approved housing counseling agencies who work with homeowners in or facing foreclosure.
The hotline averages 3,000 calls per month with more than 132,000 Coloradans seeking help since the hotline was established in 2006.
Consumers can reach the Colorado Foreclosure Hotline at 1-877-601-4673 or visit the website at www.coloradoforeclosurehotline.org.
Just another confirmation that the short sale market will be around for a long time to come. Visit www.shortsaleprologic.com to see how you can help.
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