Loss Mitigation

We understand that temporary financial hardships occur. Our specialized representatives may be able to assist you in identifying alternatives to foreclosure. HomEq’s Loss Mitigation Workout Specialists have been successful in helping many individuals who have experienced financial setbacks and we may be able to help you. Listed below are descriptions of some of the alternatives that may be available to you.

Repayment Plan: An agreement to make payments on a scheduled basis over a period of several months, which includes the regular monthly payment amount as well as a portion of the delinquent amount to bring the account current by the conclusion of the repayment plan. In order to determine if you qualify for a repayment plan, HomEq needs to have a clear understanding of your financial circumstances. Click here to learn about updating your financial information.

Forbearance Plan: A signed, written agreement to make payments on a scheduled basis over a period of several months, which includes the regular monthly payment amount as well as a portion of the delinquent amount to bring the account current by the conclusion of the forbearance plan. In order to determine if you qualify for a forbearance plan, HomEq needs to have a clear understanding of your financial circumstances. Click here to learn about updating your financial information.

Short Sale / Pre-Foreclosure Sale: A workout program whereby HomEq may accept less than the full payoff amount due. Click to download short sale package forms (Short Sale Form and Third Party Authorization Form) that need to be completed in order for HomEq to determine if you qualify. Fax completed forms and all necessary documents to (866) 577-1227.

Deed-in-Lieu of Foreclosure: The voluntary transfer of the property to the lender in place of foreclosure. The property must have been listed for sale at the fair market value for at least (90) days without any sale transaction. Click to download Deed-in-Lieu of Foreclosure Form and Third Party Authorization Form that needs to be completed in order for HomEq to determine if you qualify. Fax completed forms and all necessary documents to (866) 577-1227.

Please contact HomEq at (877) 867-7378 toll free during our business hours of 5:00am to 5:30pm, PT, Monday through Friday.

Make the call today for more details about how we can get you back on track!

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