Our Services
Loan Mitigation Advocates’ services include an assessment of our clients’ home loan situation, financial situation, and documentation of the client hardship, if applicable. The assessment is performed to better understand your total financial picture. This allows us to be better prepared when working with the servicer on your behalf.
Our initial conversation will detail out the following:
- the number of loans and amounts you have tied to each property
- the amount of months past due
- the loan terms
- the lenders’ name and contact information
- current employment status
- current income levels
- other financial obligations
All of this information is relevant in assessing whether or not the lender may be willing to grant a modification. It also allows us to better prepare and tailor your specific situation to attract the best possible resolution.
We are happy to meet with you in person (geographical restrictions may apply) and review potential options that may be offered by the lender.
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Loan Mitigation Advocates is extremely focused on coming up with an amicable solution that benefits both the borrower and the lender involved. There are a number of possible solutions; however our company is focused on working with the servicer to grant a loan mitigation option.
Loan Mitigation Options:
- Loan Modification
- Forbearance
- Repayment plans
- Short Sale
After our initial discussion and an agreement is reached to establish a business relationship, a contract will be signed that details out our fee as well as our disclaimer information. One primary benefit to using Loan Mitigation Advocates is that we do not take advanced fees. Payment will take place once there is a written confirmation from the lender detailing the successful loan mitigation option for the borrower.
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Note: Loan Mitigation Advocatessm reserves the right to refer a client to someone who will assist with one of the following:
- Deed in lieu of foreclosure
- Foreclosure
If a loan mitigation option is deemed not feasible, the founders of Loan Mitigation Advocates are licensed California Brokers/Realtors and can represent you during a short sale transaction. If you are located outside of the East Bay in Northern California, we also have Realtors we can refer you to across the nation.
If foreclosure seems to be an inevitable option, seeking legal counsel is advisable.
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Please Note: We do not guarantee that a workout will be available. This is a complex process with much depending on the borrower’s current situation and/or the willingness of the lender to grant a modification. However, we do guarantee that we will put our experience, skills and contacts to work for you.
Loan Mitigation Advocates is focused on finding a loan mitigation outcome that allows you to stay in your home. We understand your situation and look forward to assisting your needs.
Everyday, struggling homeowners call foreclosure and loan mitigation hotlines for help on how to save their homes. This is just a small sample of a larger problem. Foreclosures, short sales, adjustable mortgages, and financial or personal hardship have wreaked havoc in the marketplace. The need for loan mitigation is paramount.
At Loan Mitigation Advocatessm, we encourage homeowners to try and resolve their situation themselves. In many cases, the homeowner realizes the complexity of the situation and that they do not have the time, connections within the lending industry or negotiation power. This is where many homeowners turn to a loan mitigation advocate. The hiring of a specialist to handle the process from start to finish can ease an already stressed situation, reaping benefits long into the future, and most importantly, help you, the homeowner, stay in your home.
CORPORATE BROKER’S LICENSE #01858172