YOUR HOME RETENTION SOLUTIONS
Our dedicated team of Home Retention Specialists provide "Loan Workout" Solutions to homeowners in need of mortgage assistance. Loan workouts include, Permanent Loan Modifications, Affordable Repayment Plans, Forbearance Plans or Extensions, Short Payoffs or Settlements, Short Sales & Conventional Sales, Relocation Assistance, Qualified Loan Assumptions, Deed in Lieu and Post Foreclosure Right of Redemption in permissible states.
Reliance Real Estate & Loss Mitigation Associates has been serving local communities and other impacted municipalities since the collapse of the real estate market in the Great Recession of 2008. We are committed in providing exceptional customer service while restoring peace of mind during turbulent times. We utilize all credible resources in order to achieve the right home retention solution to anyone impacted by a personal or financial hardship. Allow us to eliminate the burdens of anxiety associated with the process and get you back on track. Our team is fully committed to serve you with during all pre and post mortgage assistance needs.
What Is Loss Mitigation?
Loss mitigation refers to the steps taken by a lender or mortgage servicers to work with a borrower in attempt to avoid foreclosure. Loss mitigation also refers to a servicer's responsibility to reduce, or "mitigate" the loss to the investor that can come from a foreclosure. Certain loss-mitigation options may help you stay in your home. Other options may help you relocate accordingly without going through foreclosure. Loss mitigation options may include permanent Loan Modifications, Forbearance Plans or Extensions, Repayment Plans, Short Sales, Deed-in-Lieu of Foreclosure, or Post-Auction Right of Redemption in permissible states. Though the right home retention option depends on one's individual circumstances and affordability. Your ability to repay a proposed workout may ultimately be the deciding factor in achieving a positive resolution.
The need for Mortgage Assistance may arise when a borrower has suffered a personal or financial hardship. Hardships may include: unemployment, underemployment, distant relocation, business failure, increased housing related expenses, reduction of income (Base Pay or Overtime), legal separation or divorce, short-long-term or permanent disability or in come cases the death of a borrower or a primary wage earner. Home Retention Options are offered to a borrower who has the financial ability to enter a workout option and wants to stay in their homes. Home Retention Options are available to anyone in need whether in default or facing an imminent circumstance that'll ultimately lead to potential default.
What Best Describes
MORTGAGE ASSISTANCE IS FREE & AVAILABLE
TO ANYONE FACING THE FOLLOWING:
Reduction in income: a hardship that has caused a decrease in your income due to circumstances outside your control (e.g., elimination of overtime, reduction in regular working hours, a reduction in base pay)
Increase in housing-related expenses: a hardship that has caused an increase in your housing expenses due to circumstances outside your control (e.g., uninsured losses, increased property taxes, HOA special assessment)
Disaster (natural or man-made) impacting the property or borrower's place of employment
Long-term or permanent disability, or serious illness of a borrower/co-borrower or dependent family member
Divorce or legal separation
Separation of borrowers unrelated by marriage, civil union, or similar domestic partnership under applicable law
Death of borrower or death of either the primary or secondary wage earner
Distant employment transfer/relocation
LET'S GET YOU BACK ON TRACK!
293 Salem Street, Medford MA 02155
UNFOLDING THE TRUTH
DEDICATED IN SERVING OUR COMMUNITY AND YOURS