Loss mitigation sounds intimidating. So what is loss mitigation? It is a process used by mortgage lenders to work with buyers who are delinquent on their home loans. Through the loss mitigation process, a lender may modify the terms of a home loan which allows the homeowner to stay in their property, or allow the homeowner to reinstate their loan and resume their payments to the lender. Unfortunately there are times when people can no longer afford their mortgage payment and must find a way to relinquish the property back to the lender with as little liability to themselves as possible. This is where Pujol Law will help. Whether we defend you in court due to a foreclosure action brought against you by your lender, or obtain a waiver of deficiency judgement, or we negotiate a short sale for you, or deed-in-lieu of foreclosure, we will help you! The Loss Mitigation process may be confusing, frightening and difficult to understand. Thankfully, the Pujol Law Group specializes in Loss Mitigation, and will guide you through the entire process. Let us help you!
Pujol Law Group knows that as a part of a loss mitigation process there are certain circumstances in which a homeowner has the right to attend mediation to discuss and possibly work out options with their lender. These work out options include:
- Better mortgage terms (lower payment, lower interest rate, etc.)
- Principle balance reduction
- Short sale options.
At the mediation hearing a representative from the lender will be present. You deserve to have proper representation as well! The Pujol Law Group will be there for you, every step of the way.
Contact the The Pujol Law Group at (305) 447-0059 for assistance.