What is Loss mitigation?

What is Loss mitigation?


Loss mitigation used to be referred to as "Asset Management." It is the process of alleviating (mitigating) losses to the lender and the borrower. Loss mitigation is guided by a desire to:
Decrease financial losses for the lender.
Keep borrowers in their homes.

Lenders don't want to foreclose.


Why Loss Mitigation?

Help Preserve Home Ownership

As Real Estate Professionals, it is our goal to help people achieve the dream of homeownership. It should subsequently be our goal to help those same people remain in their homes, even after hardships arise. We have the opportunity to help homeowners in two ways:
Remain in their current home, if feasible.
Help them transition from their "house" into a new "home"


Assist Homeowner / Borrower

It is our privilege to assist homeowners after they find themselves in a financial hardship. Most of these hardships are due to circumstances beyond their control and once it happens the homeowner doesn't know where to turn. We show people how and where to find help.