PANTA FAMILY


Wednesday, March 26, 2008

Loss Mitigation Negotiating

The big secret that is not really a secret is that your home lender does not want your home. Certain people may tell you that your lender hopes that you will not make your payments so that your lender can get your home. This simply not true. Your home lender makes money on home loans, not by selling repossessed homes.

Because mortgage lenders do not really want your home, most lenders have set up loss mitigation departments to help people who are behind on their monthly mortgage payments. These loss mitigation departments are there to reduce the potential loss that could be suffered by your lender. Generally the loss mitigation departments have some discretion on how they can help you. Often they can give you more time to pay your payment, defer a payment until the end of the loan payment period, or modify your existing mortgage (if you agree to modification). They may accept a deed in lieu of foreclosure.

Loss mitigation negotiating is really nothing more than talking with your home lender to see if there is a way that you can pay your mortgage payment so that your mortgage lender will not lose money. Maybe you need more time to pay, maybe you need to skip a payment, or maybe you need a mortgage modification.

The first thing is to talk with your mortgage lender. Tell them your situation and see if they can offer you some help. Consider what your mortgage lender says and determine if it will or will not help you. If it will help you, accept and do what they offer. If it will not help you, make an offer.

If you do make an offer, be absolutely sure that you can do what you offer to your mortgage lender. For example, if they say that they are sorry, but that they cannot help, tell them that you can pay them on a certain day, that you want to avoid foreclosure, and that, if they add additional fees such as court costs and attorney fees, you will not be able to pay. Then they have to think:"should we wait several days to get paid and avoid additional costs, or do we go ahead and spend the money to foreclose?" Your home lender has to make a decision on what is best for them. And I believe that they will give you more time.

It is important that you be able to do what ever you offer to your mortgage lender. If you say that you can pay on a certain day, you need to pay by that certain day. If you don't, your lender will not believe you in the future. By the same token, if you do what you say you will, your lender will believe you in the future. And loss mitigation negotiating will be easier in the future.

This article is general information. If you have any questions of any nature about avoiding foreclosure, talk with a lawyer licensed in your state.

Labels:

18 Comments:

Blogger ninest123 Ninest said...

ninest123 10.17
prada handbags, red bottom shoes, michael kors outlet store, tiffany jewelry, ray ban sunglasses, nike air max, louis vuitton outlet online, christian louboutin, cheap oakley sunglasses, nike free, replica watches, polo ralph lauren outlet, louis vuitton outlet, louis vuitton handbags, kate spade outlet online, michael kors handbags, ugg outlet, louis vuitton, tory burch outlet online, burberry outlet online, michael kors outlet online, nike air max, christian louboutin outlet, cheap ugg boots outlet, oakley sunglasses, prada outlet, polo ralph lauren, ray ban sunglasses, louis vuitton outlet, tiffany and co, gucci handbags, replica watches, longchamp outlet online, christian louboutin shoes, longchamp handbags, cheap ugg boots, oakley vault, burberry outlet online, ugg boots clearance, michael kors outlet online, ray ban outlet, nike outlet, chanel handbags, cheap oakley sunglasses, oakley sunglasses, jordan shoes, ugg australia

October 16, 2015 at 8:36:00 PM PDT  
Blogger ninest123 Ninest said...

michael kors outlet online, air jordan, north face pas cher, mulberry uk, guess pas cher, nike air max, burberry pas cher, longchamp, nike roshe, coach outlet, coach outlet, hollister uk, nike air force, true religion outlet, michael kors canada, air max, scarpe hogan, ray ban uk, nike free pas cher, nike blazer pas cher, lululemon outlet online, michael kors uk, nike air max, true religion outlet, air max pas cher, louboutin, lacoste pas cher, ralph lauren uk, hermes pas cher, nike roshe run, abercrombie and fitch, kate spade outlet, longchamp pas cher, ralph lauren pas cher, new balance pas cher, michael kors, coach purses, true religion, true religion jeans, hollister, converse pas cher, nike free, sac vanessa bruno, vans pas cher, north face, coach outlet store online, tn pas cher, timberland pas cher, oakley pas cher, ray ban pas cher

October 16, 2015 at 8:40:00 PM PDT  
Blogger ninest123 Ninest said...

nike roshe, nike air huarache, baseball bats, p90x workout, ferragamo shoes, asics shoes, louboutin, vans outlet, herve leger, valentino shoes, nike air max, babyliss, new balance outlet, insanity workout, chi flat iron, nfl jerseys, ray ban, air max, abercrombie and fitch, giuseppe zanotti, hollister, mont blanc pens, oakley, converse, vans, longchamp, beats headphones, ralph lauren, north face jackets, reebok shoes, north face jackets, abercrombie, bottega veneta, jimmy choo shoes, iphone case, birkin bag, soccer jerseys, lululemon outlet, ghd, hollister clothing store, instyler ionic styler, converse shoes, nike trainers, celine handbags, mac cosmetics, wedding dresses, gucci, timberland boots, mcm handbags, soccer shoes, michael kors outlet, longchamp outlet

October 16, 2015 at 8:43:00 PM PDT  
Blogger ninest123 Ninest said...

michael kors handbags, ugg, moncler, montre femme, canada goose, sac louis vuitton, pandora uk, wedding dress, louis vuitton, swarovski uk, marc jacobs handbags, louis vuitton canada, moncler outlet, pandora charms, canada goose outlet, coach outlet, michael kors outlet, moncler, links of london uk, canada goose pas cher, uggs canada, louis vuitton pas cher, moncler, moncler, michael kors outlet online, swarovski jewelry, juicy couture, moncler, hollister canada, supra shoes, louis vuitton uk, canada goose outlet, moncler outlet, moncler, ugg boots, barbour jackets, doke gabbana outlet, pandora jewelry, canada goose, canada goose outlet, canada goose, ugg soldes, canada goose, thomas sabo uk, karen millen, sac lancel, replica watches, ugg, juicy couture outlet, barbour, toms outlet, pandora jewelry
ninest123 10.17

October 16, 2015 at 8:48:00 PM PDT  
Blogger 艾丰 said...

jianbin1128
michael kors handbags
nike trainers uk
air jordan shoes
kansas city chiefs
chicago bulls
babyliss outlet
nike air max
ray ban
wellensteyn coats
oklahoma city thunder
soccer jerseys,soccer jerseys wholesale,soccer jerseys cheap,soccer jerseys for sale,cheap soccer jersey,usa soccer jersey,football jerseys
oakley outlet
futbol baratas
ugg boots outlet
tiffany jewellery
the north face
tods shoes,tods shoes sale,tods sale,tods outlet online,tods outlet store,tods factory outlet
golden state warriors
cheap ugg boots
lacoste polo
converse sneakers
belstaff jackets
oakley
true religion sale
michael kors handbags clearance
ray-ban sunglasses
oakley sunglasses
tiffany jewelry
valentino shoes
north face outlet
swarovski outlet
nike outlet

November 27, 2015 at 6:43:00 PM PST  
Blogger Rudolf suwiko said...

jual apartemen gading serpong tangerang jual apartemen tangerang selatan jual apartemen jakarta barat jual apartemen jakarta pusat jual apartemen jakarta selatan jual apartemen jakarta timur jual apartemen jakarta utara jual rumah dki jakarta jual rumah jakarta barat jual rumah jakarta pusat jual rumah jakarta selatan jual rumah jakarta timur jual rumah jakarta utara jasa kontraktor waterproofing jual bahan bangunan jual baja ringan jual bata jual besi jual genteng jual hebel jual pasir jual paving konsultasi pajak startegi penjualan bagian keuangan sewa mobil pemikiran bisnis menghitung ekuitas jasa video editing trader tunggal meningkatkan etos kerja wedding website pelatihan manajemen Rental Mobil strateg bisnis jasa pelatihan jasa video editing pengaruh brand

December 29, 2015 at 1:29:00 AM PST  
Blogger Vicente wiko said...

Cara Membuat Genteng Kanopi Rumah Reseller Tas Tas Fashion Rumah Di Alam Suter Harga Konblok Dijual Rumah Di Bsd Harga Pipa Besi 2 Inch Jual Rumah Bsd Tas Batam Grosir Jasa Arsitek Jogja Rumah Dijual Bsd Nusa Loka Pasir Putih Jual Rumah Kencana Jual Krim Pemutih Perumahan Gading Serpong Cream Pemutih Selan Grosir Baju Murah Supplier Tas Murah Tas Kantor

December 31, 2015 at 7:26:00 PM PST  
Blogger Benny carrolina said...

produk kecantikan kolagen produk kecantikan tabita pemutih kulit cream been bink cream yashodara dr rochelle skin expert tabita skincare grosir tas branded grosir baju korea importir tas branded supplier busana muslim supplier baju korea Jual Rumah Karawaci Jual Rumah di Karawaci Jual Rumah Tangerang Jual Rumah di Tangerang Jual Rumah Jakarta Jual Rumah di Jakarta

January 2, 2016 at 7:57:00 PM PST  
Blogger Jayna firman said...

tabita skincare produk kecantikan kosmetik wajah aman jual hebel jual rumah jakarta timur jasa kontraktor landscape jual bata jual baju online jual apartemen aceh langsa Jasa Video Shooting pemutih kulit jual baja ringan jasa kontraktor Biro Jasa jual apartemen aceh langsa jual rumah dki jakarta tabita skincare produk kecantikan kosmetik wajah aman jual hebel jual rumah jakarta timur jasa kontraktor landscape jual bata jual baju online jual apartemen aceh langsa Jasa Video Shooting pemutih kulit tas import branded jual baja ringan jasa kontraktor Biro Jasa jual apartemen aceh langsa jual rumah dki jakarta tabita skincare

January 6, 2016 at 2:24:00 AM PST  
Blogger Hal taqim said...

Jual Tas Kulit Contoh Kanopi Tanah Dijual Di Bsd City Gudang Tas Branded Genteng Cisangkan Harga Pipa Galvanis Pemutih Kulit Genteng Multiroof Harga Gula Pasir 1 Kg Toko Murah Dak Rumah Grosir Baju Tanah Abang Beton Precast Jasa Instalasi Listrik Harga Besi Beton 2013 Jual Krim Pemutih Baju Grosir Tanah Abang Kitchen Set Murah Tangerang Sistem Drainase Kosmetik Untuk Kulit Wajah

January 6, 2016 at 8:54:00 PM PST  
Blogger Nettie yaka said...

Arsitektur Rumah Sederhana Design Minimalis Daftar Kosmetik Pemutih Pagar Tempa Grosir Fashion Impo Genteng Banyuwangi Ukuran Batako Harga Molen Beton Grosir Tas Branded Games Truk Gandeng Grosir Baju Muslim Perumahan Gading Serpong Rumah Di Jual Biaya Pasang Listrik Baru Pintu Besi Garasi Design Interior Minimalis Lelang Rumah Pemutih Kulit Tangan Dak Rumah Model Desain Rumah

January 7, 2016 at 8:08:00 PM PST  
Blogger Zheng junxai5 said...

zhengjx20160507
louis vuitton bags
adidas running shoes
louis vuitton outlet
copy watches
gucci belts
retro 11
louis vuitton handbags
michael kors outlet online
kate spade handbags
jordan 3s
cheap ray ban sunglasses
longchamp le pliage
louboutin femme
lebron 12
cheap jordans
cheap rolex watches
longchamp handbags
louis vuitton
ray ban sunglasses outlet
oakley sunglasses
ghd hair straighteners
true religion outlet
nike air max uk
true religion jeans
oakley sunglasses
ray ban
michael kors outlet online
kate spade
ray bans
coach outlet
air jordan 4
coach outlet online
ralph lauren outlet
michael kors outlet
cheap ray ban sunglasses
beats by dr dre
louis vuitton
coach factory outlet
louis vuitton outlet
fitflops

May 6, 2016 at 6:31:00 PM PDT  
Blogger ninest123 said...

prada handbags, nike outlet, chanel handbags, tory burch outlet, louboutin pas cher, ugg boots, replica watches, michael kors, longchamp pas cher, kate spade outlet, louboutin outlet, louis vuitton, louis vuitton outlet, ralph lauren pas cher, oakley sunglasses, oakley sunglasses, uggs on sale, nike air max, longchamp, nike air max, air max, louis vuitton, ugg boots, gucci outlet, air jordan pas cher, tiffany jewelry, oakley sunglasses, jordan shoes, longchamp outlet, louis vuitton outlet, tiffany and co, prada outlet, christian louboutin outlet, louboutin, sac longchamp, ray ban sunglasses, louis vuitton, polo ralph lauren outlet, burberry, oakley sunglasses, cheap oakley sunglasses, polo ralph lauren outlet, nike free, nike free, louboutin shoes, replica watches, ray ban sunglasses, nike roshe run, longchamp outlet, ray ban sunglasses

August 28, 2016 at 6:56:00 PM PDT  
Blogger ninest123 said...

nike air max, timberland, north face, hollister pas cher, michael kors outlet, air force, replica handbags, lacoste pas cher, michael kors, nike roshe, michael kors outlet, hogan, ralph lauren uk, new balance pas cher, true religion jeans, michael kors outlet, coach outlet, michael kors, nike air max, nike air max, ray ban uk, vanessa bruno, north face, mulberry, burberry, ugg boots, ugg boots, true religion jeans, vans pas cher, nike free run uk, ray ban pas cher, converse pas cher, sac guess, abercrombie and fitch, burberry outlet online, hermes, tn pas cher, coach purses, michael kors, coach outlet, nike blazer, lululemon, michael kors outlet, true religion jeans, michael kors, true religion outlet, hollister, oakley pas cher, michael kors outlet, kate spade handbags

August 28, 2016 at 6:57:00 PM PDT  
Blogger ninest123 said...

nike air max, timberland, north face, hollister pas cher, michael kors outlet, air force, replica handbags, lacoste pas cher, michael kors, nike roshe, michael kors outlet, hogan, ralph lauren uk, new balance pas cher, true religion jeans, michael kors outlet, coach outlet, michael kors, nike air max, nike air max, ray ban uk, vanessa bruno, north face, mulberry, burberry, ugg boots, ugg boots, true religion jeans, vans pas cher, nike free run uk, ray ban pas cher, converse pas cher, sac guess, abercrombie and fitch, burberry outlet online, hermes, tn pas cher, coach purses, michael kors, coach outlet, nike blazer, lululemon, michael kors outlet, true religion jeans, michael kors, true religion outlet, hollister, oakley pas cher, michael kors outlet, kate spade handbags

August 28, 2016 at 6:57:00 PM PDT  
Blogger ninest123 said...

soccer jerseys, nike huarache, lululemon, ralph lauren, instyler, nike air max, hollister, new balance, nfl jerseys, wedding dresses, gucci, lancel, insanity workout, converse, hollister, nike roshe, soccer shoes, ferragamo shoes, converse outlet, beats by dre, north face outlet, chi flat iron, asics running shoes, mont blanc, nike trainers, vans shoes, babyliss, p90x workout, jimmy choo shoes, birkin bag, herve leger, iphone cases, valentino shoes, north face outlet, celine handbags, vans, mcm handbags, hollister, ghd, timberland boots, reebok shoes, longchamp, mac cosmetics, oakley, abercrombie and fitch, nike air max, bottega veneta, ray ban, baseball bats, louboutin

August 28, 2016 at 7:00:00 PM PDT  
Blogger ninest123 said...

canada goose uk, canada goose outlet, swarovski crystal, toms shoes, moncler, pandora charms, ugg boots uk, coach outlet, moncler, swarovski, sac louis vuitton pas cher, moncler, moncler, montre pas cher, moncler outlet, bottes ugg, canada goose, canada goose, karen millen, marc jacobs, pandora jewelry, canada goose, supra shoes, ugg,ugg australia,ugg italia, doudoune canada goose, thomas sabo, moncler, moncler, canada goose outlet, louis vuitton, juicy couture outlet, ugg pas cher, ugg,uggs,uggs canada, pandora jewelry, pandora charms, moncler, hollister, wedding dresses, juicy couture outlet, louis vuitton, louis vuitton, links of london, replica watches, canada goose, louis vuitton

August 28, 2016 at 7:01:00 PM PDT  
Blogger Liu Liu said...

Louisville kept its recruiting momentum going on Saturday as they landed a Nike Air Max 90 commitment from four-star Class of 2018 guard Anfernee Simons. Regarded as the No. 72 overall prospect in the Rivals Class of 2018 national rankings, the 6-foot-2 louboutin outlet Simons is an cheap nfl jerseys explosive guard who can play on the ball and christian louboutin shoes really score. Simons nfl jerseys store led the Nike Roshe Run Under Armour Association’s 16U division Nike Air Max 2015 Shoes in Nike Free Run scoring this year as he put up 22.9 points per christian louboutin uk game while shooting NFL Jerseys 43 percent from three-point range. wholesale nfl jerseys

November 12, 2016 at 7:25:00 PM PST  

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home