Foreclosure Due to Economic Loss from Coronavirus? Our Attorneys May be Able to Help You Keep Your House.

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By: Bill Henry
PublishedMar 13, 2020
1 minute read

The coronavirus, or COVID-19, pandemic has economically strained businesses and individuals around the world and right here in Colorado. Some people are experiencing salary reductions, cuts to hours at work, and even job loss. As a result, these financially-strained individuals are at risk of foreclosure. We can help you develop a strong foreclosure defense.


If you face foreclosure, get in touch with our attorneys so they can begin to help with your foreclosure defense. They know the intricate foreclosure laws, and they want to help you stay in your home. You can schedule a phone case assessment online or by call 303-688-0944.

We live in an uncertain time right now, and facing a foreclosure adds to that stress.

If you believe you face foreclosure, or if you have already received a Notice of Election and Demand for Sale from your county’s Public Trustee, YOU MUST ACT QUICKLY. Once you receive this notice, you could be evicted from you home in a matter of months.

The sooner you act, the more foreclosure defense options you have available to you.

    • Negotiate More Time – Apply for “loss mitigation” to stop the foreclosure process and modify your loan
    • Debt Restructuring – File Chapter 13 bankruptcy to repay the debt over 5 years and keep your home
    • Non-Bankruptcy Defenses – Fight lender and/or procedural mistakes to potentially halt or reverse a foreclosure
    • Challenge Default Fees – Contest penalties to reduce what you owe or possibly block a foreclosure
If your home goes to auction, Colorado law prohibits you from recovering it.

Adding insult to injury, the bank can sue you for the balance of the unpaid mortgage not covered by the sale.

You have legal rights. Our attorneys know the law, and they can help you navigate this complex process. For instance, a second mortgage can be eliminated if your home is underwater, meaning you owe more on the house than the property is valued.

The foreclosure action will not go away on its own. The sooner you address it, the closer you will be to achieving a solution. We can help you get back on track. Call 303-688-0944 or schedule online.

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