COMPREHENSIVE LOSS MITIGATION SERVICES

The purpose of loss mitigation is to reduce the losses that lenders may suffer when mortgage loans become delinquent.  With the recent rise in mortgage defaults, this has become a common alternative.  Lender’s have begun establishing entire departments devoted to loss mitigation.
With Michigan leading the nation in foreclosures, many individuals need help figuring out how to best handle their circumstances.  Our market values, in terms of real estate, is suffering due to homes that have been foreclosed, or are in the “pre-foreclosure” process.

If possible, take action prior to missing mortgage payments.  Let me assist you with understanding your options.  

• Detroit Metropolitan Bar Association-Legal Assistant's Section:

•  On Thursday, April 24th, 2008, from 11:45-1:15, I will be presenting the topic "Loss Mitigation and Foreclosure" to the Legal Assistant's Section.  Anyone is welcome to attend.  For more information, please contact me, or visit the Detroit Metropolitan Bar Association website at:   www.detroitlawyer.org, to register!

Michigan Association of CPA’s

West Oakland Small Practitioners Group

Presents an Educational Conference

 Thursday, November 20, 2008

TIME:              8:00 am to 10:00 am

                        Cost of $12.00 includes Continental Breakfast

                        “Exact Change” Cash or Checks payable to L. Glanz, payable at the door

 PLACE:            Costick Activities Center

                        28600 W. Eleven Mile Rd.

                        Farmington Hills, MI

                        (248) 473-1814

On the North Side of Eleven Mile Rd., Just ¼ Mile East of Middlebelt, East of Mercy High School, turn into Third Drive from Middlebelt – Building “A”.

 SPEAKER:  Ellen S. Mahoney

                        Loss Mitigation Consulting Services of MI, LLC, Birmingham, MI                    

TIME:             8:00 am

TOPIC:            Loss Mitigation

PRE-QUALIFY YOUR SELLERS! 

If you are representing sellers that you feel may be distressed, you may refer them to me to assess their situation.  It doesn't make sense to market a home for sale without some understanding of the seller's circumstances.  Even if the option is that the seller doesn't really want or need to sell their home, you will have created much goodwill with that "potential" seller.  Ultimately, they will likely return for your assistance to sell their home (and even buy a new home) in a better market.

I provide free presentations to real estate offices throughout the Detroit Metropolitan area.  If you feel that your agents would benefit by this sharing of information, please contact me.
 

Testimonials from clients of Loss Mitigation Consulting Services of MI, LLC.:

“...Ellen Mahoney, a loan mitigation specialist, who has been assisting me with the dispensation of the property vi a vis the existing loan and the problems associated with the it. She is a consummate professional...”

”So far the best thing that has happened to me in this entire mess has been your advice.”

 “I think based on your knowledge of how foreclosures and short sales work in Michigan you will be able to give my sister all the information she needs to make an informed decision as to what makes the most sense for her when her divorce is final.”

 “...sent your payment today i still think u dont
charge enough...”

Testimonial from Realtor:  “Ellen Mahoney from Loss Mitigation Consulting Services of MI is a great resource, and many homeowners contemplating a short sale scenario, call on her for guidance/advice.”

Short Sale closings should be handled by title companies with expertise in this area.  These sales are more complicated than normal sales.  For further information, please visit www.devontitle.com