Loss mitigation was introduced as a collaborative effort between the federal government and the mortgage industry to prevent foreclosures. So, loss mitigation is defined as the process of trying to stop foreclosure before it occurs. The art of loss mitigation requires helping delinquent homeowners, in or close to foreclosure, to save their home by utilizing options that include repayment plans, forbearance plans, and loans. The Certified Loss Mitigation Consultant is equipped to provide certification in methods to resolve delinquency of mortgages currently in default using these alternatives to foreclosure. The Certified Loss Mitigation Consultant can be a real estate agent or broker, mortgage banker or broker, loan officer, bank officer, attorney, paralegal, or anyone that has been trained and has experience with the loss mitigation business. These trained individuals can go to the bank or lender to state hi client's case to stop foreclosure.

The national mortgage defaults and foreclosure statistics are at 30 year highs and rising rapidly. Already into 2007, foreclosure rates have increased dramatically from last year. More than one million homeowners throughout the nation have already under gone foreclosure in 2007 and at least an additional two million are forecast by Housing Predictor to be foreclosed through 2009. Sadly, millions of homeowners will be experiencing foreclosure in the next several years. The combination of rising interest rates on adjustable rat mortgages and falling home values will continue to cause foreclosure rates that have never been seen before in history. If you are in the foreclosure process, you must take it seriously and address it immediately to stop foreclosure. Every homeowner's situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure. Either the homeowner, knows about loss mitigation and seeks debt relief in a timely manner, or contact a Certified Loss Mitigation Consultant, who is an expert in helping you save your home.

The loss mitigation process is often better handled by a third party due to their experience, their ability to negotiate with the lender and get the best arrangements possible. However, selecting a company should be done with ease, caution, and research that should be through. Be sure the company you choose to stop foreclosure is member of the Better Business Bureau. In addition, you may want to ensure that the sole service of the company is loss mitigation. Then a company that is ethical is very important and is focus on saving homeowners from foreclosure and keeping them in the home. A quality company will keep you updated on the status and your options available to save your home from foreclosure.

So, don't be dismay, there is help for homeowners in foreclosure! Freedom Foreclosure Prevention Services, LLC, is one of the leaders in Loss Mitigation and can provide you the most effective stop foreclosure help. They even offer a FREE NO OBLIGATION application process to determine they can save your home. They specializes in out-of-court resolutions of government and non-government mortgage delinquencies or foreclosure claims for homeowners. These can be FHA, Rural Administration, VA, Freddie Mac, Fannie Mae, or conventional loans, which have become delinquent. FFPS can help you stop foreclosure today.

If interested in the foreclosure loss mitigation business opportunity, with outstanding training and loss mitigation leads, please contact us.

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