Colorado Foreclosure Hotline


In response to recommendations from the
Colorado Blue Ribbon Panel on Housing and the
Colorado Foreclosure Prevention Task Force, the
Colorado Foreclosure Hotline was established as
a consortium of government, private-sector and
non-profit organizations committed to referring
homeowners in some state of delinquency or
foreclosure to a toll-free phone number (1-877601-HOPE) that connects callers with local HUD
approved housing counseling agencies.

The Colorado Foreclosure Hotline is the first
state-wide hotline in the United States, and
provides an easy way for homeowners who
may be in danger of delinquency or foreclosure
to talk directly with a trained, professional
housing counselor.

The primary goal of the Colorado Foreclosure
Hotline is to reduce the number of foreclosures
in Colorado by developing and maintaining a
current statewide call center that serves both as
a consumer referral source and data repository
for borrowers experiencing some form of
delinquency or foreclosure.
Denver-Metro Area

Adams County Housing Authority
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Boulder County Housing Authority
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Brothers Redevelopment
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City of Aurora Community Development
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Colorado Housing Assistance Corp (Statewide)
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Colorado Rural Housing Development
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Del Norte Neighborhood Development
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Douglas County Housing Partnership
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NEWSED Community Development

Northeast Denver Housing Center

Rocky Mountain Mutual Housing

Southwest Improvement Council
Northern Colorado

CCCS Northern
Colorado

Neighbor to Neighbor
Western Slope
 Grand Valley Housing Initiatives*
 Housing Resources of Western
Colorado
 Housing Solutions for the
Southwest
Southern Colorado
 Neighborhood Housing Services
of Pueblo
 CCCS Pueblo
 CCCS Northern Colorado Springs
 CCCS Southern Colorado Springs
 Catholic Charities of Pueblo
 Pikes Peak Foreclosure
Prevention Partnership
 Tri-County Housing
 Upper Arkansas Area Counsel of
Governments
 Colorado Rural Housing
Development
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Adams County Housing Authority
Boulder County Housing Authority
Brothers Redevelopment
CCCS of Northern Colorado
Catholic Charities of Pueblo
Colorado Housing Assistance Corp
Colorado Rural Housing Development
Del Norte Neighborhood Development
NEWSED Community Development Corporation
Northeast Denver Housing Center
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Word of Mouth
9news, Univision, 1150 AM and other news/radio stations
Brochures and flyers (English & Spanish) & other written
materials
Public Service Announcements (TV & Radio)
Mortgage servicers’ default letters
Mortgage servicers’ attorneys
Public Trustee Offices
Attorney General and other governmental offices
Community events and forums
Blogger & Twitter

Loan Products
ARM
 Fixed-Rate
 Unsure

43%
44%
13%

Lenders Utilized





Countrywide
29%
Wells Fargo
16%
Citi
13%
JP Morgan Chase 13%
Washington Mutual
9%
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Referral Source





Television
37%
Word of Mouth
15%
Radio
11%
Online
9%
Lender
8%
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Months Delinquent






Current
35%
1 Month
8%
2 Months
3 Months
4 Months
5+ Months
17%
17%
12%
14%
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Counties





Denver
El Paso
Arapahoe
Adams
Jefferson

28%
19%
19%
17%
15%
Caller Language
Preference
English
 Spanish
6%

94%
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AP Newswire
CNN Money
The Denver Post
Forbes Magazine Online
MSNC Magazine Online
Rocky Mountain News
USA Today
The Washington Post
World Magazine
Time Magazine


According to Case-Shiller: Denver is down
3.6% from 1 year ago, although Denver has
recently seen two months of slight growth.
According to FHFA:






Colo Springs -2.41%
Denver -0.29%
Ft Collins/Loveland -0.38%
Greeley -1.64%
Grand Junction -3.63%
Pueblo -0.61%
Sources: S&P 500 and Federal Housing
and Finance Agency
Metro Denver/Statewide Median Home
Prices
Price in $
250,000
225,000
200,000
175,000
2003 2004 2005 2006 2007 2008 2009
(JanMetro Denver
June)
Statewide
Year
Source: Colorado Association of REALTORS
7500
5000
2500
Filed Foreclosures
10000
0
Year and quarter
20
07
20 1
07
-2
20
07
20 3
07
20 4
08
20 1
08
20 2
08
-3
20
08
20 4
09
20 1
09
-2
20
07
20 1
07
20 2
07
20 3
07
20 4
08
20 1
08
20 2
08
20 3
08
20 4
09
20 1
09
-2
Filed Foreclosures
Foreclosure Filings by quarter
Completed Foreclosures by quarter
7000
6000
5000
4000
3000
2000
1000
0
Year and quarter
Year
ne
)
nJu
(Ja
20
09
20
09
Year
20
08
20
07
20
06
20
05
20
04
nJu
ne
)
(Ja
20
08
20
07
20
06
20
05
20
04
25000
22500
20000
17500
15000
12500
10000
7500
5000
2500
0
20
03
Completed Foreclosures
Completed Foreclosures
40000
35000
30000
25000
20000
15000
10000
5000
0
20
03
Filed Foreclosures
Foreclosure Filings
Pa
rk
Te
lle
r
Ad
am
s
W
Cl
ea eld
rC
r
Ar eek
ap
ah
oe
Pu
eb
lo
De
nv
Fr er
em
on
El t
Pa
s
Do o
ug
Je las
ffe
rs
o
La n
ri m
e
La r
Br Plat
oo a
m
fie
ld
Ot
er
Bo o
ul
de
r
M
es
a
Number of households
No. of households per completed foreclosure
(selected counties, 2009, Jan-June)
600
500
400
300
200
100
0
County
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Pass out a flier.
Refer a neighbor or family member.
Donate funds through Brothers Redevelopment.
Attend an upcoming Task Force meeting.
Co-sponsor an event.
Include the Hotline on your website.
Display the Hotline phone number.
Keep us updated on housing information.
Support your local housing counseling agency.