Loss Mitigation programs were established by the Federal Government and the Mortgage Industry in order to stop foreclosures and help homeowners get back on their feet.

Loss Mitigation provides homeowners with mortgages in default alternative solutions to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies and procedures regarding the use of these programs to stop foreclosure. There are various programs available through government agencies such as FHA, VA, Fannie Mae, and Freddie Mac specifically designed to prevent foreclosures.

Since most loans are guaranteed directly or indirectly by government agencies, lenders and the government believe it is in the best interest of all parties to get homes refinanced or sold in the quickest possible manner.

Financial Recovery Group will complete a Financial Recovery Analysis explaining your options including giving you a financial pathway back to your financial recovery.

Your financial pathway will include solutions to your existing situation so you may get back to enjoying life again.

§         Stop Foreclosure

§         Protect or maintain credit score

§         Deficiency judgment avoided

§         Eliminate liens/judgments

§         Possibly get money to move

§         Sell home with 6-wk short sale system

§         Forgive Taxes on Deficiency