Comprehensive Loss Mitigation & Settlement Solutions

The term of “loss mitigation” encompasses a wide range of solutions aimed at preventing debtors from losing their real property to foreclosure. This includes avoiding the additional costs associated with foreclosure, as well as the legal battles, counterclaims, and bankruptcies that borrowers often resort to in response to foreclosure actions.

Residential lenders are mandated to engage in loss mitigation activities under RESPA, which involves early intervention, ongoing communication, and the actual loss mitigation process. They may also be required to participate in loss mitigation procedures under state laws or in cases of bankruptcy. Failure to comply with these regulations can result in penalties or other negative consequences for creditors.

Our services cover all aspects of Loss Mitigation, offering options such as forbearance, repayment plans, reinstatements, deed in lieu of foreclosure, surrendering the property, cash for keys, loan modifications, short sales, note sales, 363 sales, and novations. Additionally, we provide expert analysis and support to help you make informed decisions regarding your loss mitigation strategies.

As specialists in Bankruptcy Loss Mitigation, we are well-versed in Mortgage Modification Mediation (MMM) and RESPA requirements.

Lets us solve your Litigation problem and expense by a carefully crafted settlement agreement or Consent Order. A settlement agreement is a contractual agreement that resolves a litigation dispute between the parties. If parties agree to resolve the case with a settlement agreement, you must ensure that it is legally binding.

A consent decree is a court order that resolves a litigation dispute, in whole or part, between the parties. Consent decrees are court orders, so you will have legal recourse if someone does not abide by the judgment. You will have fewer steps to take if a party does not follow the order approved by the judge.