Some homeowners have a million dollar home with million dollar home payments. Nothing new right? Well what if it's in a newly depressed area appraised for $180K.
Troubled or Late homeowners are now paying more than their homes are worth and when they see a direct mail marketing piece that may help them out of the jam they are in, well this is something they will read. Many will pay for years as they watch the value going down. Vacant properties scarcely are treated to the needed upkeep. And Lenders spent their time bustling to contact newer failing borrowers. This is America, this is today.
Subprime borrowers are no longer the only possibility when it comes to foreclosure. Who hasn't felt the loss of jobs. Who didn't take a loss when questionable conduct tapped-out corporate funds. Thousands of Homeowners go into foreclosure every single day. The point being that not all home losses originate from low-income borrowers. Slipping appraisals in previously inhabited neighborhoods are a bane on overwhelmed budgets.
The answer is Loss Mitigation. Loss Mitigation Telemarketing works to keep homeowners in their homes. Working under a new scrutiny Loss Mitigation attempts to preserve Mortgage Loans. Any percentage of success on this issue is great for our country.
Special programs, initiatives and a range of services come under the Loss Mitigation umbrella. In most states every stage of deliquency is getting a fresh unrestricted direction. Lenders are looking at their portfolios again as they hire new staff. And curious Home Owners are becoming aware of a new financial gestalt.
A Good Loss Mitigation Prospect needs to be available to borrowers at risk. Presently, lenders are having a hard time identifing a failing homeowner.The industry average in catching the troubled loans is 75% when borrowers are contacted. This is the perfect time to send out a Consumer Debt Leads Mailer. A Mailer can answer the questions and direct the response in this asset recovery process.
Call today and speak with an RM Consultant who can help to put you in touch with Late MortgageLeads.
Click here to learn How to Get a SAN Number
World Class Consultants
Call Us For Fast Counts and fair pricing on everything related to direct marketing.
Visiting After Hours? Send an email to Request Information.
VOICE: (800) 884-8323
FAX LA: (800) 558-1519
FAX NY: (800) 609-3608
Send Us An Email