Beware of Foreclosure Wolves

To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

If you're behind on your mortgage payments... don't stick your head in the sand.. and ignore the reality of your situation. Now's the time to arm yourself with valuable information.
If you don't ... the hairs on the back of your neck should be standing up because the wolves will come out to prey.
Every Wednesday during public auctions, El Paso County Public Trustee Tom Mowle lets the public know which properties are available. Folks often bid ... competing against the bank and others to try and buy distressed properties.
But this doesn't happen quickly. Homeowners don't waltz into foreclosure. It's a lengthy process which often gives them time to rectify their situations.
So #1: Don't wait! Talk to your mortgage lender. Find out your options. Also call on the Pikes Peak Foreclosure Prevention Partnership or dial the Public Trustee's Office and Tom Mowle or one of his deputies can help you.
Just as important... Don't believe everything an "investor" says. Reputable counselors have offices and office numbers. They don't just walk around neighborhoods, knocking on doors... hoping to catch desperate homeowners and give them advice.
I've seen too many cases where homeowners in trouble were easy pickings for an investor wolf... whose only goal was lining his or her own pockets.
Also be careful if you're going through a divorce or separation. If you and your spouses names are on a property you're both on the hook... whether you like it or not.
Don't act like little red riding hood, beware of the big, bad wolf!
For more information go to Betty's Buzz and look for "Beware of Foreclosure Wolves."

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 53179562 -
Gray Television, Inc.