Not exact matches
If the borrower is delinquent on payments, a loan servicer must advance its own funds to cover taxes, insurance and
homeowners association fees, and then work
with the borrower to
come up with a repayment
plan.
So most lenders will work
with homeowners / borrowers to
come up with repayment
plans that account for missed payments.
By the end of the 2nd quarter of 2008, almost 16 % of its revenue
comes from commercial auto insurance,
with the
homeowners» coverage
plans making
up the 8 %.
«That's the best time to
come up with a strategy and a game
plan to help those people, so we're helping the
homeowner to stay within the home, to
come up with a strategy, whether it's a short sale or selling the property or
coming up with a game
plan,» Kearns said.