When you need options, we’ve got answers
Loss mitigation provides mortgage lenders and homeowners the opportunity to avoid financial losses associated with a foreclosure. A mortgage lender can avoid the significant costs resulting from the foreclosure process, while the borrower can work out a solution to retain their home or exit the property gracefully. With the help of a Weltman Real Estate Default attorney, you can reduce the number of accounts going into foreclosure – saving you valuable time and resources.
When a loan modification is not possible, another option may be a structured repayment plan. This allows your borrower to cure a loan default over a short period of time - usually three to six months. Our experienced team of attorneys will prepare a forbearance agreement with terms acceptable to you and your borrower.