Non-Performing Loan Servicing: Strategies That Work
Managing loans that have stopped making payments, known as non-performing loans (NPLs), can be a real headache for lenders. It’s not just about chasing payments; it’s a whole different ball …
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Category: Foreclosure
Non-Judicial Foreclosure in California: Process Overview
Facing a foreclosure can be a really stressful time, and in California, the process often happens outside of court. This is known as a non-judicial foreclosure. It’s a bit different …
Loss mitigation options to avoid foreclosure
Following the latest housing crisis in 2008, state government agencies have been stepping up mortgage relief programs that encourage lenders and servicers to use loss mitigation options that allow borrowers …
What is loan forbearance?
Loan forbearance occurs when a lender approves skipping a specific number of scheduled payments on your loan due to the circumstances that caused the missed schedule payments from being made. …
Loss Mitigation
In this post we will explain what loss mitigation is and the resources available to avoid foreclosure. What is Loss Mitigation? There are a plenty of events that can lead …
Foreclosure Prevention Options
If you are at a point where your loan is not yet due and you have the ability to catch up on your payments, you can follow these steps. For …