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Maximized Returns
Details, details, details. In junior lien loss mitigation, as in life, it pays to be thorough—you never know what you may find.
For instance, had we not performed diligent research on behalf of one client, we never would have learned that numerous loans in a portfolio sale were actually "Pending Sale" and already in escrow. Needless to say, these loans were pulled from the portfolio sale and our client realized full payoffs.
It’s not just about special circumstances though. It's the complete process and it doesn't end when loans become unsecured due to senior lien foreclosure. Part of our normal loss mitigation process is to refer unsecured loans out to our vendor attorneys to pursue in civil court. This is just another step that yields positive results for our clients and ensures maximum recoveries.
Whether as a matter of course or because we’re following a hunch, our exhaustive research of all possible workout opportunities and collaboration with your in-house loss mitigation group enables Millenia to ensure that you get the highest possible recovery.
