Mitigating your financial loss from foreclosure shortfall
A foreclosure process and repossession can often mean the end of your servicing lifecycle. Yet successful recovery of any shortfall debt is dramatically increased if you have immediate dialogue with the debtor.
Working with an experienced third party provider can enhance your revenue streams and help your shortfall recovery rates fall by a third for debt aged over 15 months. Having an ongoing shortfall programme ensures you can start immediate dialogue with the debtor, or begin a recovery plan for legacy shortfall debts.