Loss Mitigation Services
Home Retention Consultation Services
May 29, 2009 by admin0 · Leave a Comment
With the rapid increase of foreclosures during the past few years Taylor’d 2 U Realty is pleased to offer southwest Ohio area residents Home Retention Consultation and Counseling Services. Our goal is to re-establish communication between mortgage servicers and homeowners who are in default of their home loans and educate them on the alternatives to foreclosure.
Our company partners with top mortgage servicers to create positive, timely and cost-effective resolution of non-performing assets. We work with each of our clients to manage volume and identify ways to create personalized solutions that fit the needs of the servicers and the homeowners.
Our team of Foreclosure Intervention Specialists continually strive to educate homeowners in default on alternatives to foreclosure, including re-instating the existing loan, executing loan modifications and relocation.
The Taylor’d 2 U Realty team of professionals specialize in resolving the following non-performing asset challenges:
Please feel free to contact us for a free initial consultation.
Get the Facts About Foreclosures
May 19, 2009 by admin0 · Leave a Comment
Anyone can fall behind on their mortgage payment and face foreclosure. It is often the result of unplanned, even uncontrollable circumstances in a person’s life such as unemployment, the death or illness of a loved one, natural disaster, divorce or other unexpected changes in a family’s financial situation. After payments are missed, the mortgage servicer can initiate the legal process of foreclosure.
Avoid Foreclosure
There are several alternatives that, depending on your current situation, may help avoid foreclosure. Options include:
Loan Modifications – In many cases, the mortgage servicer may be willing to modify the terms of the mortgage loan.
Repayment Plans/Forbearance – Repayment plans enable homeowners to pay a portion of past due mortgage payments along with the current payment each month, until the loan becomes current. Forbearance can postpone the repayment of past due or current mortgage payments until a predetermined date in the future.
Pre-Foreclosure Sales/Short Sales – In some cases, the best option for a homeowner may be to sell the home. However, selling at an optimal price takes time that a homeowner may not have. Short sales, if approved by the mortgage servicer, enable the home to be sold for a price less than the remaining balance on the mortgage note.
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