Foreclosure Assistance Services

Foreclosure is a legal process in which the rights of a homeowner to the mortgaged property are fortified owing to the failure in paying the mortgage monthly payments. Foreclosures are often not profitable for the lender and prove to be time consuming and complex. They not only impact the profitability of the lenders, but also act as barriers for lenders to lend new funds.

Owing to a significantly large number of defaulters in recent years, it has become quite difficult for a lender to manage the entire foreclosure process. But, on the flip side, if the lender outsources the foreclosure process to an experienced loss mitigation company, lenders can efficaciously manage the timeline for every foreclosure they have undertaken while ensuring that the foreclosure sale occurs within the stipulated statutory timeline.

Flatworld Solutions' mortgage foreclosure assistance services include the complete spectrum of the foreclosure processing; ranging from quantifying initial defaulters to the eventual foreclosure and REO auction (required for the final sale of the property). We have a team of mortgage experts and asset managers who assist our clients throughout the foreclosure process. We also help our clients with customized strategies for foreclosing each individual asset for the optimum gain.