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Trust
Title Loss Mitigation Services
Expert Resolution to Your Portfolio Issues
Workout Plans that Recover Maximum Value
Customized Services to Meet Your Needs
Comprehensive Strategies for REO Disposition
Professionalism that Enhances Your Reputation
Construction Loss Mitigation
Click
here to find out about career opportunities within
our Loss Mitigation Division.
Trust Title Loss Mitigation Division
Jim Weld
Vice President
877.787.8780 ext 7060
jweld@trusttitle.com
Ian C. Markley
Vice President
877.787.8780 ext 7039
imarkley@trusttitle.com
Trust Title
Loss Mitigation Division
2701 Maitland Center Pkwy
Suite 300
Maitland, Fl 32751
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Trust Title Home ::
Loss Mitigation Services
Loss Mitigation Services.
Trust Title offers an array of loss mitigation
services which include lien negotiation and clearing,
deed in lieu and short sale negotiations, loan modifications
and issuance of updated title insurance where appropriate.
Our lender services staff and legal counsel
have extensive and diverse experience in loss mitigation.
Staff members are well versed in industry-related
laws, regulations and practices. We provide knowledgeable
assistance in the review of each specific situation
and we communicate recommendations for resolution
directly to the lender.
Construction and Loss Mitigation
We are in an unprecedented time in the American Real Estate Industry. Property
Values are down, foreclosures are up, residential
construction projects are stalled or, worse yet,
abandoned. Banks, lenders, builders, and portfolio
investors are all asking the same questions.
What can we do with a portfolio of partially
complete, non-performing construction loans?
Step 1: Project Preservation
Can the project be salvaged?
Can the home be constructed and the mortgage
converted?
Can the non-performing construction loan become
a fully performing, salable loan asset?
In many cases, the answer is YES!
Step 2: Value Recovery
There are cases where realizing full value is
just not possible. Then, the questions become:
How do I recover maximum value from this loan
asset?
How do I coordinate all the details necessary
to turn a stalled construction project into cash
and who is going to do all the work?
Trust Title has ermerged as the most experienced
service provider in extracting maximum value from
a stalled or abandoned construction project.
Loan Counseling
Our Northern Virginia staff specializes in resolution
of myriad issues associated with impaired credit
loans and non-performing loans for lender clients,
including commercial banks and leading mortgage
finance companies. Staff members are well
versed in industry-related laws, regulations and
practices and also recognize that all borrowers
and their situations are unique. We provide
knowledgeable assistance in the review of each specific
situation and we communicate recommendations for
resolution directly to the lender.
Our Orlando, Florida staff also has significant
expertise in working with lenders, borrowers, builders,
and attorneys to identify ways to get construction
projects moving again. Initiating a proactive, outbound,
phone campaign to ascertain construction status
and remove bottlenecks is the first step. The objective
loan counseling for construciton loans is to facilitate
an equitable resolution for the borrower, builder,
and lender. Sometimes it is necessary to execute
a strategy to hire a new contractor, clear or invalidate
outstanding liens, or restructure a loan to facilitate
completion. All options are vigorously explored.
Foreclosure Coordination
Foreclosure can take a year or more and is a
timeconsuming, interactive process. If foreclosure
is the only remaining option then getting it done
quickly, accurately, and at minimum cost is the
key. The longer a foreclosure takes, the more expensive
it becomes to recondition and remarket the property.
Issuing the proper correspondence within the legally
required timeframes is mandatory. One missed milestone
and the whole process starts over. Trust Title offers
a highly disciplined foreclosure process. This discipline
ensures that nothing is missed and nothing falls
through the cracks.
REO Management
REO Management is a very labor intensive process.
Managing all aspects of a property from who cuts
the lawn to who will list and sell the house fit
into this category. Ensuring that a home has adequate
hazard and/or flood insurance is critical. Establishing
the home or property’s value and getting it listed
with a realtor must be done. Property maintenance
can include everything from simply changing the
locks to completing a partially constructed home.
The focus is to get the home or property remarketed
and off the books recovering as much value as possible.
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