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TT Lender Solutions expedites the lengthy, detail-intensive foreclosure process and offers comprehensive strategies for REO Management.
Foreclosure is a costly, time-consuming, interactive process that can take a year or more. If foreclosure is the only remaining option, then getting it done quickly, accurately and at minimum cost is the key. The longer a foreclosure takes, the more expensive it becomes to recondition and remarket the property.
Lenders continue to bear extensive costs as the process drags out, everyone truly loses. Issuing the proper correspondence within the legally-required timeframes is mandatory. One missed milestone and the whole process starts again, further escalating costs for the lender. TT Lender Solutions ensures proper procedures are followed during the foreclosure proceedings, and that all documentation is executed in a timely, precise manner.
In conjunction with increase in foreclosures, financial institutions find themselves with a higher volume of REO properties to deal with. REO Management is a very labor-intensive process. Lenders must avoid the loss of additional funds in the turn-around period, and the experts at TT Lender Solutions can handle the multiple responsibilities required to keep the property maintained and in top condition for resale. The focus is to get the home or property remarketed and off the books to quickly recover as much value as possible.
TT Lender Solutions can manage all aspects of a property from who cuts the lawn to who will list and sell the house. We can also ensure the home has adequate hazard and/or flood insurance, and establish the home or property's value and get it listed with a realtor. We can deal with the impacts of weather or neglect. In addition, property maintenance can include everything from simply changing the locks to completing a partially-constructed home. The experts at TT Lender Solutions provide the support lenders need to repair, maintain or complete a home and turn it around from a non-performing property to a viable asset again.
To help managers at financial institutions handle this influx of foreclosure and REO work, TT Lender Solutions has formed
the Financial Solutions
Network, and the Foreclosure Attorney Network,
to provide specialized real estate experts for resolving default and REO challenges.
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