Mortgage Minutes

Topics covered in these four one-minute videos: homeowner education, the recovering market, avoiding scams and the definition of a short sale.

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Helping Your Child Cope With Tough Economic Times

Sesame Street offers Families Stand Together, a bilingual (English and Spanish) outreach initiative with useful strategies to help your family talk, come together and reach out for help.

To access activities, tips, and more resources, visit sesameworkshop.org/toughtimes or download the Family Tip Sheet.

Tips for First-time Home Buyers

The New York Times presents seven tips from the experts for first-time home buyers.

Read The New York Times article

Save the Date: Homeownership Fair

Free Homeownership Fair on Saturday, October 3 from 10 a.m.-2 p.m. in Colorado Springs promoting foreclosure prevention services and healthy homeownership. Download a flyer now. For a complete list of statewide housing and community resource fairs, see the “Calendar of Events” box at right.

Phone Bank – August 24

On Monday, August 24, 4-7 p.m., we’re holding another Facing the Mortgage Crisis phone bank in partnership with 9News and The Colorado Foreclosure Hotline. Up to twenty housing counselors will be on hand to take your calls.

KUNC story on recent phone bank

KUNC’s Grace Hood filed this report on the Facing the Mortgage Crisis phone bank recently held at Rocky Mountain PBS’ Denver studios. Listen Now

Positive Outcomes

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Document checklist for foreclosure assistance

The following checklist outlines the documentation a mortgage servicer will require from a borrower for foreclosure assistance. The Colorado Foreclosure Hotline refers to these documents as the Loss Mitigation Packet checklist.

1. Hardship Letter (Download PDF template now)

a. What has caused your loan to default
b. What you’re asking the mortgage company to do
c. Should be signed and dated
d. Loan number on top of all pages

2. Financial Worksheet

a. Your monthly income vs. your monthly expenses
b. Should be signed and dated
c. Loan number on top of all pages

3. Pay Stubs or Proof of Income

a. Two months worth
b. Loan number on top of all pages

4. Bank Statements

a. Two months worth of all accounts
b. Loan number on top of all pages

5. Tax Return Forms including W2

a. Two years worth
b. Loan number on top of all pages

Contact a housing counselor with any questions and/or to review your loss mitigation
packet prior to faxing documents to your mortgage company.

Verify receipt of loss mitigation packet by calling your mortgage company three business days after faxing your packet.

Featured Videos: Collection Notices

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