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Total Posts 1 Comments 4 Categories Loss Mitigation Sign In Sign In Friday, August 24, 2007 Foreclosure Loss Mitigation.... A Growing Trend by admin As property foreclosures continue to surge across the country, homeowners and lenders alike are seeking new ways to prevent this from happening. One method is loss mitigation. It is a set of tools the lender uses to stop foreclosure . foreclosure sale, lieu of foreclosure, loan modification, and mortgage refinancing. One main goal of loss mitigation is an agreement between the lender and homeowner to repay past due payments within an agreed upon period of time. Loss mitigation is one method being explored as a means to satisfy the needs of both lender and homeowner.
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The goal of loss mitigation is to work out an agreement between the homeowner and the lender that will stop foreclosure proceedings permanently. This allows the homeowner to stay in their home and protects their credit history. How does Home Assure stop foreclosure Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner. We perform a detailed financial analysis and work with you to determine your best alternatives. We review your lender's loss mitigation policies and your state's foreclosure law to make sure that we give you the best service within the context of your situation. By working with you and your lender, we can tailor a resolution to meet your specific criteria and financial circumstance.
