Foreclosure and REO Properties Expert Advice

I’m sure you’ve read the recent news about Bank of America purchasing Countrywide (America’s largest home lender) for about $4 billion earlier this month. 

This is a huge deal in the mortgage world… but what will this mean to borrowers who are having a tough time making their Countrywide mortgage payments?

What you will likely see is a huge effort by Bank of America and Countrywide to help their borrowers keep their loans by using workout specialists.

We see this as a huge opportunity for Bank of America and Countrywide to garner the services of expert foreclosure workout specialists who have the banks interests in mind… and help the bank turn this recent rash of foreclosures into a public relations campaign to once again put the banks in a good light in the media.

There is no way around this foreclosure crisis…

Banks such as Bank of America and Countrywide will need to find solutions to help their good borrowers keep their loans from going to foreclosure… and at the same time use this opportunity to create a positive image for the bank.

How can they do this?

A couple ways…

1. They can hire and train their own workout specialists now… then lay them off in 2-3 years when the foreclosure crisis calms down.  This option will mean huge expenses for the bank, possibly less efficiency in the process, and a situation where the bank will have to lay off these temporary workers once the crisis subsides.
2. They can retain expert foreclosure workout specialists to protect their interests, help their borrowers workout suitable solutions that are truly win-win, and who will help create a media campaign that will provide positive PR for the bank.  Of course, this option will decrease overall costs to the bank, increase efficiency and effectiveness of loan workouts, and provide the bank the opportunity to integrate the foreclosure workout process with creating a positive public image of the bank.

Which option will these large banks likely choose?

Who knows… but a forward thinking bank CEO will most definitely want to look into retaining a company such as Virtuosity Unlimited, LLC to deal with this foreclosure crisis in a unique effective way that will be extremely difficult to do with an in-house crew.

So, bank CEO’s… do you want to create another problem for your company by hiring and training your own foreclosure workout staff?

Or…

Do you want to take an innovative approach to dealing with these foreclosures in a way that not only helps to solve the foreclosure workout problem… but also creates massive goodwill toward your company that will last years to come?

The choice is yours.  If you are a bank representative and would like to learn about our innovative Foreclosure Workout Specialist services that go far beyond simply turning bad loans into performing loans…

Contact us today.