When businesses or consumers have the legal obligation to repay their loans and the means to do so, but choose not to, we restore value. As workout specialists, we know how to effectively negotiate payment plans, modify loans, and settle accounts based upon the current financial situation of the business or consumer. Each account is negotiated and worked according to its own strengths and merits, thereby maximizing the recovery for each account.
Our collection methodologies for non-performing loans include:
- Skiptracing and account analysis
- Establishing contact with the business or consumer by letter and phone
- Educating the business or consumer about their legal obligations regarding the account
- Initiating legal proceedings when it is necessary and cost effective to do so
- Obtaining and enforcing judgments
These loans include:
Mortgage Deficiencies and Judgments – In the states that permit such recoveries, we actively pursue collections, utilizing our extensive experience in the handling of these types of accounts.
First and Second Non-Performing Mortgage Accounts – We specialize in the analysis and recovery of these types of accounts across the nation, negotiating cash settlements, forbearance agreements or loan modifications.
Loss Mitigation Techniques – As workout specialists, we offer creditors and consumers alternatives to costly foreclosure actions through the use of short sales, loan modifications and delinquency monitoring.
Bankruptcy Cases – We proactively monitor and manage accounts throughout the entire bankruptcy process, from case filing to discharge or dismissal.
We also work extensively with workout notes, judgments, home equity lines of credit and other secured and unsecured accounts.