Why are we seeing foreclosures in such a hot, seller-friendly market?

Of all the housing trends you'd expect to see in this skyrocketing Denver Metro housing market, increased foreclosures is certainly not one of them. So why are foreclosure rates up despite the fact that the vast majority of homeowners are sitting on piles of cash in the form of equity?

They shouldn't be.

Covid has wrecked havoc on folks lives, finances, and job stability. Even so, there are many options for homeowners who are struggling with Covid related job insecurities...and many options between "my mortgage payment is getting really stressful" and a foreclosure notice. 

So.Many.Options.

If you know anyone who is struggling, reach out. Please. This is a time when we can come together as a community and help each other. So many who are struggling financially might feel overwhelmed, embarrassed about asking "what are my options".

With rare exception, "FORECLOSURE" is not a word most homeowners need to hear. There are options, and the sooner you seek them out the better!

Wishing all my neighbors in the greater Denver Metro area a peaceful, secure 2021 with a home that brings them joy and not stress. Let me know if you need help, we'll find a way to make it happen!