A California based national asset management company, Financial Asset Services, Inc., announced a new service to contact distressed homeowners who are nonresponsive: they will knock on the homeowner's doors! Jeffrey Flory, who is in charge of Financial Asset Services sale and marketing team, stated that "utilizing door knocks is a cost-effective way for mortgage servicers to reach out to homeowners that may have gone dark in the default process" and "it is out mission to bring the homeowner back to the table in a dignified fashion."
The hope of this new program is that the doors knocks will open discussions between the borrower and the lender and lead to more foreclosure alternatives, such as short sales or deeds-in-lieu, being negotiated. It has been shown in various studies over the past several months that the largest barrier to overcome in many instances is getting the two sides to actually communicate. Services like door knocking, court ordered mandatory mediations, rotating HUD counseling sessions are just a few of the ways that can be utilized to attempt to get a resolution to prevent foreclosure that can be beneficial for both sides.
If you are facing a Florida Foreclosure Lawsuit or just want to discuss traditional foreclosure alternative options that may be available to you, contact a Florida Foreclosure Lawyer today to review the circumstances of your case and decide the best course of action for you and your family.
