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We Act as a Fiduciary
We take our obligation to you seriously. In fact, we consider ourselves to have a fiduciary duty to you. So, while many other loss mitigation companies consider purchasing assets either directly or through a subsidiary as a gray area, it’s pretty black and white to us.
At Millenia, we view asset purchase as being in direct conflict with our clients’ interests. As such, it’s our policy to refrain from engaging in asset acquisitions. If, on the other hand, it’s your desire to sell assets, we are happy to obtain multiple competitive bids on your behalf.
“A fiduciary duty is the highest standard of care imposed at either equity or law. A fiduciary is expected to be extremely loyal to the company they owe the duty (the "principal"): they must not put their own interests before the duty, and must not profit from their position as a fiduciary, unless the principal consents.”
