Are You at Risk of Losing Your Home in Weld County Colorado

Understanding the Risk of Home Loss in Weld County Colorado

Home loss is a serious issue in Weld County, Colorado. According to the Colorado Department of Local Affairs, Weld County had the highest rate of foreclosure filings in the state in 2020, with 1,845 filings. This is a significant increase from the 1,541 filings in 2019. The risk of home loss is especially high for low-income households, who are more likely to be affected by job loss, medical bills, and other financial hardships.

Identifying Factors that Increase the Risk of Home Loss

There are several factors that can increase the risk of home loss in Weld County. The most common cause of home loss is an inability to make mortgage payments due to job loss or other financial hardships. Other factors that can increase the risk of home loss include high levels of debt, a decrease in property value, and an increase in property taxes. Additionally, homeowners who are behind on their taxes or have unpaid utility bills are at an increased risk of home loss.

Strategies for Reducing the Risk of Home Loss

Fortunately, there are several strategies that homeowners in Weld County can use to reduce the risk of home loss. The first step is to contact a housing counselor or a foreclosure prevention specialist. These professionals can provide advice and assistance with budgeting, debt management, and other strategies to help homeowners stay in their homes. Additionally, homeowners can take advantage of the Colorado Home Foreclosure Prevention (COHFP) program, which provides financial assistance to eligible homeowners who are at risk of foreclosure.

Resources for Homeowners Facing Home Loss in Weld County Colorado

Homeowners in Weld County who are facing home loss can access a variety of resources to help them stay in their homes. The Colorado Department of Local Affairs offers a list of housing counselors and foreclosure prevention specialists who can provide assistance. Additionally, the Colorado Home Foreclosure Prevention (COHFP) program provides financial assistance to eligible homeowners who are at risk of foreclosure. Finally, homeowners can contact their local government for additional resources and assistance.

Overall, understanding the risk of home loss in Weld County is essential for homeowners who want to stay in their homes. By identifying the factors that increase the risk of home loss, utilizing strategies to reduce the risk, and accessing resources for homeowners facing home loss, homeowners can take steps to protect their homes and their financial security.

Colorado Home Foreclosure Prevention - COHFP

Arrange Free Housing Counsel – If the burden is too much to handle on your own, Colorado Home Foreclosure Protection (COHFP) can help.  We believe that during the initial home consultation, you’ll feel huge relief.  Happiness will start to set in immediately. Reach Out Today.

 

COHFP Can Help

  There will be many solutions that are discussed in person.  You’ll choose what works best.  Many can be put to use immediately, or within 30-days. 

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