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**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Specialized Loan Servicing (SLS) Deed In Lieu Of Foreclosure

Deed In Lieu Decline

SLS Deed In Lieu Application Denied?

SLS Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Specialized Loan Servicing Deed In Lieu Negotiators. We're On Top.

 

Specialized Loan Servicing Deed In Lieu of Foreclosure Process

If the servicer of your loan is Specialized Loan Servicing(SLS) and you want to apply for the deed in lieu of foreclosure then we at ACG will make sure that you go through a standard and similar to other companies procedure:

  1. A team member from our team will have to place a call to your loan counselor at Specialized Loan Servicing(SLS) to initiate the process.
  2. Specialized Loan Servicing Request for Mortgage Assistance (RMA) will also be required for the process to be completed
  3. You may have to undergo a review of the Loan Modification before being considered for Deed in Lieu Of Foreclosure.
  4. To prevent themselves from the liability of owning the property Specialized Loan Servicing may ask you to first sell the property to someone else.
  5. Getting your property title checked is the next process.
  6. The investor will require from Specialized Loan Servicing to do a valuation on your property
  7. Next, our team will have to negotiate the terms with Specialized Loan Servicing for relocation and timeframe.
  8. As the last step of the process, the lender will make an answer to your application of Deed in Lieu Foreclosure made to them.

The steps mentioned above sound very easy to go through but in reality, they are a lot difficult. You will have to face a lot of difficulties while working with them. Our company ACG is here to make sure that the process goes smoothly so you have nothing to worry about. While going through the process you may have to often repeat certain steps again and again. We know that we will have to run around from department to department after a decade of experience. Maybe you have been trying to get approved for a loan modification for a long time and maybe they have to close the file or review it. Most important of all is you figure it out when they are sending you in the wrong direction. Most of the times, clients come to us after submitting the wrong information on their deed in lieu application, getting denied, and not being able to figure out what happened.

Specialized Loan Servicing Deed In Lieu Timeline

The timeline of the DIL process for Specialized Loan Servicing varies greatly. Sometimes it is easy to figure out what is going on but not always. These are just a few of the hoops we jump through when dealing with a deed in lieu with specialized Loan Servicing.

  • To begin with, SPS is a company that only services mortgage notes and they are usually representing interests of an investor. Specialized Loan Servicing has to follow a set of rules that is called as “PSA” or Pooling and Servicing Agreement that governs the pools of mortgages they service. The PSA is like a  contract between servicer and beneficiary of the mortgage note. This means that Specialized Loan Servicing is restricted to making only some decisions themselves and get permission for other decisions. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers and take care of many of the decisions themselves. As always the greater the number of hands in the put the more layers of bureaucracy you’re going to deal with.
  • Additionally, If your loan has a sale date then this will also have a huge impact on the timeline of your DIL application. If we have to stop the sale so that the DIL process can be completed then they become very difficult to deal with. A company of this kind of size has sale dates for about every day of the week so the dates are not worked on much quicker. Due to this, the applications are not worked as urgently as you want them to. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, not all negotiators were created equally. This goes for both sides which is what makes the process so tricky. In case of miscommunication, you will be headed for certain failure. It is a specialized skill of understanding this niche of representing homeowners in front of  Specialized Loan Servicing for Deed In Lieu of Foreclosure Application. Often you will be put through the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are for the banking institution who owns the interest in the loan.

Specialized Loan Servicing Deed In Lieu Timeline Conclusion: The timeline of the DIL process for Specialized Loan Servicing depends on the factors mentioned above but many other factors too. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast Specialized Loan Servicing’s Loss Mitigation department receives the Specialized Loan Servicing Deed In Lieu Forms to apply for mortgage assistance are received (readable) and other factors will come together to affect how long it will take for your Specialized Loan Servicing Deed In Lieu application will take to be Approved.

If Your Specialized Loan Servicing Loan Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix Specialized Loan Servicing Deed In Lieu Decline?

The reason as to why your application for DIL was denied can often be quite confusing. The reasons we have seen go back to as the miscommunication being important. They will not often tell you clearly why it happened or even if anything can be done to fix it. Here at ACG we review dozens of points in order to understand why your Specialized Loan Servicing deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

Specialized Loan Servicing Contact Information

Specialized Loan Servicing Customers

Specialized Loan Servicing Complaints

Specialized Loan Servicing Deed In Lieu Reviews

Specialized Loan Servicing Deed In Lieu Complaints

Often we have gotten on the phone with an SLS Loan for one of our Customers where we are given the run around. They can be very difficult to work with and making matters worse is their rude agents on the phone. When dealing with a Loan Servicing where the people on the phone make you feel like they don’t care getting a straight story can be difficult with your SLS.

Due to space constraints, we are not able to include the complete review(s). The name of each reviewer links to where the reviews maybe located. For the complete review click the links.

SLS 1 Star Review:

As I’ve said before on this complaint site – SLS is terrible. They want all questions/concerns in writing, yet they will never give you a direct answer. There are thousands of complaints against SLS. Anyone “googling” SLS can readily find complaints across the board on them. It’s shocking how this “company” still operates. Anyone who has a loan modification – or is trying to get one… please note: There is a Class Action Lawsuit that has been filed against them (finally… need to file more against these.) regarding improper mishandling of loan modifications… Will forward all info.

Ina, Clinton TWP, MI

SLS 1 Star Review:

I have been reading comments about Specialized Loan. My family is also a victim of this company. I also had a mortgage with Bank of America when all hell broke loose. We tried to do a loan modification. First it went thru, then no, they lost the paperwork, send more. We did everything right even paid but no checks were cashed, same story. This has been going on since 2009. Then in 2011 SLS started coming to my home handing me a letter to call them, we called same old thing. In 2014 they started foreclosure proceeding. We went mediation. Oh yes, we will send the papers. Guess what, nothing.

Patricia, Palm Bay, FL

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

SLS 1 Star Review:

Have tried to submit loan modification since 2012. It is now 2016. Every time I call they tell me they are requesting more documents. By the time they receive extra documents they tell me time period has ended and I need to start over. House has gotten taken away from me and all they say is “we can’t do anything”. Sorry for anyone that has to deal with this company.

Shayan, Tarzana, CA

1 Star Situations Happen Every Day

 

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start. Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group! Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your SLS Mortgage.

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your SLS Mortgage.

SLS Deed In Lieu News

Specialized Loan Servicing (SLS) Foreclosure Process

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

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SLS Loan Modification RMA Form Application Package

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

read more