Loss mitigation is generally used to negotiate at Borrower’s mortgage terms to help prevent foreclosure. It is an effective strategy when used alongside loan modifications to help reduce damages resulting from default.
Our associates are knowledgeable of state and federal laws and procedures necessary to facilitate loss mitigation efforts. We are dedicated to you and your interests, and can help you to avoid foreclosure by negotiating the terms of your mortgage to make payments more affordable for you and your family or advise you on alternative options.
We review each case individually and provide homeowners with the most beneficial and cost-effective options available to pursue. We keep our clients informed throughout the loan modification process and assume the role of point-of-contact between homeowners and lenders.
We can assist homeowners with loss mitigation efforts such as:
- Loan modification applications;
- Gathering necessary documentation;
- Short sale negotiation;
- Refinance negotiation;
- Deed-in-Lieu of foreclosure; or
- Other loan work-outs.
Our loss mitigation endeavors aim to achieve a resolution that is financially stable for our client, and we will make every initiative necessary in an attempt to do so. If you are facing foreclosure or are struggling to make your monthly mortgage payments, contact us to find out what options may be available to you.