Sentences with phrase «loan workout options»
Loan Workout Options: These options are available to individuals whose short - term situation is such that they have trouble keeping their mortgages current.
https://www.rocketlawyer.com/
Repayment Plan - One of the simplest loan workout options is a repayment plan.
Encourage owners to contact their lender to see whether a loan workout option is available.
Not exact matches
Michael's unique perspective of foreclosure has helped many navigate the maze of contacting their lenders to request loan modifications and other workout options.
Lenders offer workout arrangements and loan modification options to try and keep the loan out of their own REO (Real Estate Owned) portfolio; however, if such arrangements can not be made, the lender has no other option but to foreclose on the property and put it up for auction.
Where possible, borrowers will receive a decision on a workout, loan modification, or other options, on site or shortly following the workshop.