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Funds to Cure your Loans in Colorado

By Ray Saenz

Real Estate Agent with Exit Realty Laredo 657593

July 21, 2007 04:40 PM

Funds to Cure your Loans in Colorado

When you are on a hardship situation in Colorado you can get money from one of these options in case that you have one of these:

1) Ask to borrow from family or friends.
2) Get Cash from Investment accounts.
3) Get cash form retirement accounts.
4) Borrowing from Insurance policies.
5) Sell everything that you can: cars, motorcycles, boats, collectables, jewelry, etc.
6) Get money from a garage Sale
7) Get a Commercial second mortgage.

I am just giving you some solutions and options to try to get rid of a problem.

Remember that your Colorado home it is the most important asset, you can be behind your credit card monthly payments, car payments or other debt monthly payment, but never be late on your Colorado home.

Please visit my other Colorado blogs to learn more about Foreclosures in Colorado and Short sales in Colorado, avoid foreclosure in your home of Colorado if you can.

What Does a Realtor Need be successful on Colorado Short Sales?
When is time for a Colorado Short Sale?
Tips to influence a BPO (Broker Price Opinions)
Phone Numbers to work on your short sale
Short Sale Documents List From Seller
The don'ts of a Short Sale in Colorado
The do's of a Short Sale in Colorado
Short Sales in Colorado are good if you know how to handle them

Aurora Colorado Real Estate Aurora Colorado Homes for Sale Colorado Spanish Speaking Real Estate Agent Realtor

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Ray Saenz

Exit Realty Laredo - Laredo, TX

Homes for Sale in Laredo, TX - Texas, Realtor

Fellows, if you have more ideas hot to cure a loan from a stressed borrower I will appreciate that you write more.

Jul 21, 2007 04:42 PM

Teri Eckholm

Boardman Realty - White Bear Lake, MN

REALTOR Serving Mpls/St Paul North & East Metro

Ray--You have great ideas and important reminders...Don't miss the house payment! Good post1

Jul 21, 2007 04:47 PM

Teri,

sorry to not answer all comments right now, but I am writing blogs, I can not handle all at the same time like you guys do, I am amazed how many people write too much and they are on comments and everywhere as they were god ! , one of them is Sally and Sandra Cummings, that's crazy :P but I love how they handle everything. I want to be like you gals.

Ray Saenz

Jul 21, 2007 04:50 PM

Jennifer Fivelsdal

JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY

Mid Hudson Valley real estate connection

Ray,

Great advice, the problem is a lot of people tend to forget that missing a payment on their largest asset can cost them dearly.

Jul 21, 2007 04:51 PM

Ashley Drake Gephart

Drake Intel Group - Albuquerque, NM

It is easy to get further behind once you miss that first payment. Do whatever you can to stay on top. You have a good list going I can't think of anything to add right now.

Jul 21, 2007 05:02 PM

Jennifer,

That's true that is the reason that I am trying to write as many blogs as I can about short sales and foreclosures to try to educate consumers what options they have. :) I am glad that I can share information and at the same time learn from many of you.

Ray Saenz

Jul 21, 2007 05:11 PM

Ashley,

Great advise for consumers, thanks for stopping by and you guys encourage me to keep writing and sharing more information about foreclosures and short sales.

Jul 21, 2007 05:19 PM

Lizette Fitzpatrick

Lizette Realty - Richmond KY - Lexington, KY

Lizette Realty, Lexington KY MLS - Kentucky Homes

When it gets to desperation time I say Ebay everything you can! Go clean houses or mow yards. Whatever it takes to get that mortgage paid.

Jul 22, 2007 02:31 AM

Paula Henry

Home to Indy Team @ HomeSmart Realty Group - Avon, IN

Realtor - Indianapolis Real Estate - 317-605-4174

Ray - these are some great ideas for those who are having problems. It is much better to be proactive and do something.

Jul 22, 2007 04:19 AM

Sandra Cummings

William Raveis Real Estate - Guilford, CT

Real Estate Agent, Guilford Connecticut

Ray -

Nice post - How about communication with your lender to see if anything can be worked out? P.S. thanks for the mention above - and by the way - you post more than me - I might comment more - but you are always posting! LOL

Sandra

Jul 22, 2007 09:56 AM

Lizette,

Yea, that's another one, ebay it everything, so you can get something and do whatever it takes to stabilize your situation. Lizette, great idea.

Jul 22, 2007 11:43 AM

Paula,

Well, always it is good to share information to consumers and people who wants to learn more options about this issue that is happening in some states. thanks

Ray Saenz

Jul 22, 2007 11:44 AM

Sandra,

Communication is another option, but I have seen many people to fail with the lender when they want to communicate with them, lender the most of the time only cares about the money that borrower owes to them. so, I do not know how many people statistically have fixed an issue like this with the lender directly.

also, I have heard that some lenders will help you putting all the late payments at the end of the month and you start from scratch again, the problem it is if the people will really afford the next months.

thanks for your comments and you always help me to write more :)

Jul 22, 2007 11:47 AM

Funds to Cure your Loans in Colorado

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Ray Saenz

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