As the number of non-performing residential and commercial mortgages continue to grow on the balance sheet of financial institutions and other finance institutions countrywide. One of the bigger hindrances to a sale of any mortgage pool has been uncertainty over pricing. In fact, just what is a troubled home loan really worth, when the value of the security securing the loan, is losing more value by the day?
A simple solution would be to help the financial institutions work out there non-performing loans before they default. Orange County California based Feldman Law Middle, which specializes in re-structuring mortgages of residential and commercial loans, said Comes to an end that it has launched a consumer and lender mitigation advisory service targeting distressed mortgages that will try to solve the condition home owners and operator occupied commercial property proprietors are facing with their lender and servicing companies.
Continuing the liquidation troubled properties and evicting homeowners and their families was not the lenders intention when they originated these loan products and if we may do something about it fast we might relive the great depression.You can visit valleyridgepartners.com/ to know more about Loan Modification Process.
"One of the biggest concerns I possess is these Loan Customization and Loss Mitigation companies popping up across the country taking the home owners last $3, 000 – $4, 000 to try to submit a proposal to the lenders Loss Minimization department and pray for a result or perhaps take the money and run. "