professionalrealtypartners.com- Blog


Facing up to the Mortgage Meltdown…

Posted in Financing- Loss Mitigation by Administrator on the October 26th, 2010

I’ve contacted many homeowners that were glad they opened the door. Some, I never spoke with.   Some, probably didn’t know if I could be trusted with the family homestead… But, one thing was true across the board- everyone didn’t have a clue as to how to help themselves.

If you called the Lenders- they didn’t have skilled representatives to help or encourage a proactive approach to save a Borrower’s home- they still don’t. They aren’t supposed to be helping Borrower’s lower their payments. Many of the Loss Mitigation staff can’t handle your request if you don’t know what you are doing and /or you don’t give them a quick analysis of your financial situation.

But, if you are reading this because you do need help and you are reading this because you are hearing more and more about Loss Mitigation terms such as Loan Mod’s (modifications of the terms of your loan), or Short Sales (assisted selling of your home with a lenders acceptance of a smaller portion of the settlement amount in place of the full amounts owed the Lender)   Each borrower’s needs are different and each Lenders situation is different- I suggest calling us to talk about your situation- no charge because it’s that important to our economy and you, I’m sure!