http://www.dothanhomesearch.com/2008/02/13/more-help-for-those-facing-foreclosure/ Information on the Dothan, AL real estate market and Dothan in general, including Dothan real estate news and homes for sale. From CENTURY 21 Key Realty Thu, 20 Nov 2008 13:18:11 +0000 http://wordpress.org/?v=2.3 http://www.dothanhomesearch.com/2008/02/13/more-help-for-those-facing-foreclosure/#comment-655 foreclosurefish Wed, 13 Feb 2008 20:17:19 +0000 http://www.dothanhomesearch.com/2008/02/13/more-help-for-those-facing-foreclosure/#comment-655 The one good point about this is that lender's have decided to proactively contact homeowners. Usually, loss mitigation departments sit around waiting for calls to come in, while collection departments make the outgoing phone calls. In fact, there are little known occurrences of loss mitigation specialists for lenders ever calling anyone back! But if the mortgage companies actually called homeowners to offer them hope instead of threats, more homes would be saved. That would be the most significant contributing factor to the eventual success of this program, if they actually let off on the threatening collection calls. The one good point about this is that lender’s have decided to proactively contact homeowners. Usually, loss mitigation departments sit around waiting for calls to come in, while collection departments make the outgoing phone calls. In fact, there are little known occurrences of loss mitigation specialists for lenders ever calling anyone back! But if the mortgage companies actually called homeowners to offer them hope instead of threats, more homes would be saved. That would be the most significant contributing factor to the eventual success of this program, if they actually let off on the threatening collection calls.

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