SouthLaw, P.C.'s dedicated Loss Mitigation team works with servicers to transform a delinquent loan into a performing asset when possible.
Loss Mitigation Services Offered Copy
- Facilitate communication with borrowers or their counsel
- Collect and submit financial and hardship information
- Prepare payoff and reinstatement letters, loan modification agreements, forbearance plans, deeds in lieu of foreclosure and "cash for keys" agreements
- Coordinate and manage receipt of payoff and reinstatement funds
- Coordinate and manage loan modification agreements and forbearance plans
- Assist with closings and short sales
- Deeds-in-Lieu of Foreclosure