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Here is my comeback jonnyd. There are multiple ways to prevent foreclosure. Loss mitigation (our way) is one of the best and should be considered before filing bankruptcy. In fact, most of our clients are trying to avoid bankruptcy. As for the implication that we do not provide a valuable service, our success proves you wrong. Most distressed homeowners do not know about loss mitigation options (they have not even heard of forebearance agreements or any other loss mitigation option). Furthermore, the mortgage company representatives are not explaining these options. The reps simply tell the distressed homeowners that the arrears balance plus penalty fees need to be paid in full to prevent foreclosure. For homeowners who want to sell their home to avoid foreclosure and they do not have equity, we negotiate a short sale to make the property attractive to investors. We clearly provide a valuable service. I spoke with a customer today who knows about bankruptcy, but wants to avoid it. That customer decided to attempt to solve the problem our way first and if the propery variables are in place, our success rate is very high.
Victor Scott
ForeclosureHelpNetwork.com
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