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(EMAILWIRE.COM, August 27, 2007 ) Buffalo Junction, VA -- Loss Mitigation is the art of helping delinquent homeowners, in or close to foreclosure, to save their home. This is done by negotiating with the lender on their behalf; using government and non-government programs and regulations, plus other proprietary techniques to resolve the delinquency and keep them in the existing mortgage and home.Our vision is to provide homeowners in every city across America with an ethical, effective alternative to foreclosure and home loss. According to reports, consumer debt, foreclosures, bankruptcy filings and mortgage delinquencies are higher than at any other time in history.Families are losing their homes at record rates, and experts are predicting higher numbers this year.The only viable option for most of these homeowners is loss mitigation.The foreclosure problem is spiraling out of control across America due to interest rate increases that are causing Adjustable Rate Mortgage (ARM) payments to rise by 30%, 40% and as high as 50%.The other major causes are Predatory Lending and American jobs are still continuously being outsourced to other countries.National mortgage defaults and Foreclosures statistics are at 30 year highs and rising rapidly.To recap, loss mitigation is a method that allows homeowners to keep their homes and avoid foreclosure by helping homeowners facing foreclosure to get their loan back into good standing.The loss mitigation department within all lenders is set up to facilitate a workout, agreement (often also called a forbearance or loan modification) between the lender and the borrower, who has fallen behind on payments. Their goal is to try and come up with a workable solution or repayment plan for the borrower so that they can get the loan back into good standing. Using Loss Mitigation as a tool to help a homeowner who is behind on their mortgage payment is an effective way of not losing their home.A professional loss mitigator has a much better chance of getting a deal worked out, and is a valuable addition to your PreForeclosure business. Loss Mitigators are motivated to get loans out of foreclosure status, when the numbers make sense.If you’re not offering your PreForeclosure prospects the opportunity to keep their homes, then you’re doing them a disservice.To ensure the highest percentage of successfully approved files, we recommend working with a professional Loss Mitigation company. Preforeclosure, Foreclosure, Default Payment, Loss Mitigation, Lender Meditation, Delinquent Payment or Bankruptcy!We service these states, Washington, Oregon, California, Nevada, Montana, Idaho, Wyoming, Utah, Arizona, New Mexico, North Dakota, South Dakota, Nebraska, Kansas, Oklahoma, Texas, Minnesota, Wisconsin, Iowa, Illinois, Missouri, Arkansas, Louisiana, Mississippi, Alabama, Michigan, Indiana, Ohio, Kentucky, Tennessee, Georgia, Florida, South Carolina, North Carolina, Virginia, West Virginia, Washington D.C., Maryland, Delaware, New Jersey, Pennsylvania, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and Maine.W. PageP.O. Box 648Buffalo Junction, VA 24529-0648Fax: 1 434 374-5512 Call us 1 800 844-9639 Ext. 9091 (24 Hours)http://www.preforeclosureusa.com/page###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
W. J. Page
egapp@gte.net 
Source: EmailWire.com
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