Archive for the ‘Loss Mitigation’ Category

Mortgage Loss Mitigation Companies

Question: I am behind on my mortgage. My house is worth more than 2.5 times what i bought it for but my credit is bad.?

I have been behind for awhile. I was given a payment plan that I was paying until my x left & took all the bill money + my tax return because I wouldnt add him as part owner. So I asked the mortgage company if there is anything else I can do. Got 1 call back and have been calling for a week now and only get a answering machine. The late fees are growing- $200.00 per month and they sent back my payment because loss mitigation has my file.I have bad credit . one company said they could get me an equity loan but not for less than $20,000, and they get to keep $5,000. I have a good job and can make my payments the way they were before I got behind. Of course the x says sign the paper & it will all go away. Should I take the $20,000?

Answer: Don't give Marty, the Premier Loan Shark any information. he is running a scam. Yahoo keeps booting him, but he just signed up again.

It looks like you have already contact a company like Premier, just out to take advantage of your situation, and actually making t worse for you.

I am not sure what your ex needs to sign, but if he won't do it the judge in the court system can actually sign in the divorce. (this is not that uncommon)

Do not take the money, you are being scammed. Real loan officers receive a very high (over 5%) commission for your loan, they need nothing from you.

You need to contact your mortgage companies attorney, "loss mitigation" and make other arrangements. You have a couple of workable options. Ask them to waive the late fees if you make good on your debt. Offer to have them garish their payment from your check, this will assure them that you will pay the bill.

You could sell the house. Since it is worth far more then you owe you should not have a problem.

You could also rent it out and move in with relatives until you get your life straightened out. Again, as you don't owe very much you can rent it for the full mortgage payment or higher. This will give you time to get the rest of your life straightened out.

Good luck with this!

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National Loss Mitigation Group

by: Geoff Ficke 

Studying the history of business is a fascinating exercise. The origins of many of the finance and business products that we utilize today were perfected during centuries past in countries sprinkled far and wide around the world. One of the most important, inventive and skilled business cultures was created in the Netherlands during the 17th century. 

As the world was discovered, mapped and colonized by the early Spanish and Portuguese explorers, new trade routes were pioneered and many high value products came to market in Europe as demand for exotic imports exploded. This boom in international trade required a corresponding expansion of novel financing mechanisms to fund this commerce. 

The first great merchant traders were the Portuguese. They used Lisbon as their trade center.  However, their trade apparatus was primitive even for the age. The principal imports and the most valuable products of 1600’s trade were East Asian spices and silks. Because the Portuguese were inefficient in distribution and in financing methods the Italians, Spanish and Dutch were all interested in circumventing Portuguese merchants and overtaking their trade relationships. 

The Dutch were particularly enterprising. They were also committed to espionage. Use of spies enabled the Dutch to discover the state secrets of the Portuguese trade routes. With knowledge of the well documented Portuguese trade routes in hand, a great level of risk was removed from the international commercial trade equation. 

In 1598 Jakob von Neck organized a group of five companies into a trade expedition. He left with 22 ships, visited the Spice Islands in Indonesia and managed to negotiate and secure a cargo of pepper and other valuable spices. By the time he had returned to the Netherlands, von Neck had lost eight ships but still earned his investing partners a 400% return on their stakes. 

At that time each voyage was a stand-alone business entity. Piracy, disease, weather and simple navigation error made these trips highly speculative. Also, the commodities being traded were highly elastic in valuations. A successful voyage could generate staggering profits, but losses were common and could be steep. 

The Dutch saw opportunity to create a cartel. The result was the Dutch East India Company formed in 1602. This was the world’s first multinational company. The enterprise was the worlds first to be owned by investors through the issuance of stock equity. 

The Dutch East India Company did not simply send ships to negotiate one off trade deals. The Company became fully integrated to mitigate risk and maximize profits. In addition to owning, manning and operating a shipping fleet, the Company fielded a phalanx of trading agents in countries all over Asia. They built and maintained fixed trading posts near the farms, plantations and sources of production of their trade goods. Having a permanent team of buyers, sellers and facilities on location cemented trade relationships at a time when communication was horribly inefficient. This gave Dutch traders huge advantages over competitors. 

The Dutch became ensconced in the regions they cultivated for trade. In addition, owing to the immense travel distances required to complete each voyage, they established a system of logistics, strategically placed supply outposts, repair facilities and provisioning points to support the growing ship traffic that the Dutch East India Company maintained. The outposts were dotted along the African coasts, Madeira, Madagascar, India and Indian Ocean Island Archipelago’s. The presence of these commercial facilities only served to increase trading opportunities for the Company in regions where these plants were positioned. 

For almost 200 years the Dutch East India Company paid a dividend to shareholders of 18%. This was the most valuable enterprise in the world at that time. The success of this business model made tiny Holland the richest state on earth. They pioneered the use of letters of credit, bills of lading and receivable financing. These, and many other finance mechanisms created by the Dutch, enabled this tiny kingdom to enjoy status as one of the world’s great colonial powers while much larger nations stumbled and declined. 

For 200 years the Dutch East India Company was the international gold standard for corporate governance, performance and profitability. To this very day, the trade routes, trading terms and conditions, and marketing techniques perfected by Dutch merchants are in use. This entrepreneurial nation is an example that modern states can study to learn the massive positive possibilities inherent in creating open trading systems.

About the Author:

Geoff Ficke has been a serial entrepreneur for almost 50 years. As a small boy, earning his spending money doing odd jobs in the neighborhood, he learned the value of selling himself, offering service and value for money.

After putting himself through the University of Kentucky (B.A. Broadcast Journalism, 1969) and serving in the United States Marine Corp, Mr. Ficke commenced a career in the cosmetic industry. After rising to National Sales Manager for Vidal Sassoon Hair Care at age 28, he then launched a number of ventures, including Rubigo Cosmetics, Parfums Pierre Wulff Paris, Le Bain Couture and Fashion Fragrance.

Geoff Ficke and his consulting firm, Duquesa Marketing, Inc. (www.duquesamarketing.com) has assisted businesses large and small, domestic and international, entrepreneurs, inventors and students in new product development, capital formation, licensing, marketing, sales and business plans and successful implementation of his customized strategies. He is a Senior Fellow at the Page Center for Entrepreneurial Studies, Business School, Miami University, Oxford, Ohio.

Source - The Dutch East India Company Was the World’s First Multinational Corporation

Lincoln National Group - Personal Client testimonial - Save Your Home!

Loss Mitigation Scams

It is not easy getting homeowners entrust important information about their current mortgage status to a loss mitigation company especially now that the current global economic crisis has added up to the pressure they under. The continuously worsening status of the economy is demoralizing homeowners, forcing them to think that foreclosure is inevitable and that no matter what they do, they will still end up losing their highly prized homes. This is not good as without hope every battle is surely lost. Homeowners must realize that there is still hope. Loss mitigation is there to help save their homes, but homeowners first try to help themselves save their homes before others can help them. The future of their homes still depends mostly to the homeowners.

Most homeowners who decide to take that stand against foreclosure usually turn to the Internet for help in finding a loss mitigation partner. But some just fall into the trap of merciless companies who want to take advantage of their situation and extract all the poor homeowners’ money without doing anything to help them. This happens mainly due to the fact that most homeowners do not actually know which company they should trust. The best way to avoid scams is to know the loss mitigation companies better, and know how these companies generate their leads. The type of lead generation may tell how competent a loss mitigation company is, and the more competent your loss mitigation partner, the more chances your home will be saved.

Many lead generation companies get their loss mitigation leads from the Internet. These internet leads are the ones generated when one fills up an internet mortgage form hoping doing so will help them in their foreclosure problems. Sites that ask people to fill up internet forms have greatly increased due to the fact that the cases of mortgage dilemmas in the United States are now worse than ever before. These internet leads that are sold over and over again in endless loops over the World Wide Web are very poor in quality as they obviously lack the essential element of exclusivity. Also, information provided by internet leads is often incomplete and sometimes even confusing. Internet leads also lack qualifying methods as anyone with an internet connection can fill up forms. Qualifying methods that screen prospects are very important as they are what assure the quality of the leads.

Distressed homeowners usually do not like the idea of listening to recorded messages or reading emails because what they really need is someone to comfort them and provide them with more assurance than their homes can still be saved. Therefore it is rare nowadays to find new internet loss mitigation leads.

Telemarketed loss mitigation leads are the pinnacle when it comes to lead quality. They are not only the most effective and most efficient, but they also deliver "human touch" through the telemarketers voice which makes prospects more at ease and less reluctant in getting a loss mitigation partner. Telemarketed loss mitigation leads are very qualified as several minutes of conversation are being gone through before they are considered good leads. They are also exclusive as they are generated per request of a loss mitigation company. Telemarketed loss mitigation leads are a little more complex than internet loss mitigation leas but the effort one will put in familiarizing with them will surely pay off.

Telemarketed loss mitigation leads are definitely the best and will be any loss mitigation company’s right choice. For the best telemarketed loss mitigation leads that will surely not let you down please refer to CallComLeads

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Article Source: ArticlesBase.com - Telemarketed Loss Mitigation Lead Generation: The Better Choice

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