Your Colorado Springs Life & Home
When your mortgage payment starts to feel heavier every month, the scariest part is not knowing which “help” is real and which options quietly make things worse. I’m joined by longtime Colorado Springs realtor and broker Lori Thompson [https://www.LoriThompson.REMAX.com], a certified distressed property expert, to lay out a calm, step-by-step way to respond to financial hardship before it turns into foreclosure [https://www.LoriThompson.REMAX.com]. We talk through the first decision that changes everything: is this a short-term hit like unexpected expenses, or a long-term disruption like job loss, divorce, or death? From there, we unpack the real-world pros and cons of mortgage forbearance agreements [https://www.LoriThompson.REMAX.com], what you should demand in writing, and why “catch-up” payments can boomerang. We also cover foreclosure alternatives that homeowners search for every day, including refinancing, loan modification conversations, HELOCs used carefully, and short sales when you’re upside down. Because this show is rooted in Colorado Springs real estate, we also share local resources that can ease the pressure fast, including LEAP utility assistance, low-barrier food pantries, and support options for military families and veterans. Lori explains why selling earlier can protect your long-term financial health, preserve home equity, and even help you avoid nasty surprises like a 1099 tax form tied to foreclosure losses. If you’ve been putting off the call, let this be the nudge. Subscribe for more practical home and money guidance, share this with someone who needs it, and leave a review. What’s the one question about your mortgage or home equity you want answered next? To learn more about RE/MAX Properties Inc. visit: https://www.LoriThompson.REMAX.com [https://lorithompson.remax.com/] RE/MAX Properties Inc. Colorado Springs 719-332-1807
25 episodios
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