whiskeytangofoxtrot, if I were a betting man I would say prior military or possibly current. I will explain as a general overview what I do, only because you asked. I am the principal and have run the company on a local level, Jacksonville, Florida, until March of this year. My primary business is to assist homeowners that are in foreclosure keep their homes, through Forbearance and Loan Modification. Occasionally, I run across homeowners that are able to refinance and I have a friend that will take care of them in 38 states. For the most part we assist homeowners with workouts. As you stated, their (the mortgage company) personnel handle these processes but like most major institutions they have limited methods for handling the issues (inside the box), and it is definitely not in the best interest of the homeowner. I am not sure if you are able to speak with homeowners that are in foreclosure but more times than not they view the bank as the bad guy and the bank has the same view toward the homeowner. My company steps in between the homeowner and the bank who has now given the homeowner a different answer every time they called and even worse given them a plan that sets the homeowner up for failure. We mitigate for the homeowner with a comprehensive plan that will get them back on track and monitor the process. We charge the homeowner a small fee for our service that will cover our admin expenses. We help everyone that can afford their home get back on track. That is only about 20% of homeowners in foreclosure as a general rule. The ones that are overleveraged and have had hardships that have not been resolved we assist them with a different model which I am sure you have heard about, the short sale. Unfortunately, I have to run and will continue later this morning, Oh the Suspense, LOL.
