Information Disclaimer: Not Your Loan Servicer (Read More)
**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. 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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**
America’s Servicing Company Deed In Lieu Application, Forms And Packages
Are You Still Dealing With America’s Servicing Company By Yourself?!
?Are You Still Dealing With America’s Servicing Company By Yourself?!?
Limited Time Offer Coupon!
Step 1: Fill Out America’s Servicing Company Deed In Lieu Forms
Find out why no one knows more than we do.
What is an ASC Mortgage Deed In Lieu Package?
America’s Servicing Company Deed in Lieu of Foreclosure Request For Mortgage Assistance (RMA)
Request For Mortgage Assistance or application form is necessary when you want to apply for a deed in lieu of foreclosure doing a Deed In Lieu. It is recommended to complete correctly in order to start the first step towards getting to deed your home back to the beneficiary. Recent paperwork is always preferred. It is a good start if check experts like us (ACG) or even your ASC single point of contact because not only does ASC have their own package which may change at any time but their investor might require specific documentation as well. A right professional is crucial to find as a very few can deal with ASC and their deed in lieu of foreclosure process so because you should be able to avoid many of the foreseeable pitfalls that come with the application of deed in lieu process. That’s why we put the latest paperwork we could find online to help us. Helping you through the process is what we do. We offer a done for you service. Click here and fill out the form to request a call from a deed in lieu professional or call 888-934-3444.
What is the Deed In Lieu ASC Mortgage Hardship Affidavit?
ASC Mortgage Deed in Lieu of Foreclosure Hardship Letter
ASC Mortgage has a hardship affidavit (or statement) built into their mortgage assistance application (ASC Mortgage RMA),
What Is A Deed In Lieu of Foreclosure?
Deed In Lieu of Foreclosure Definition
It is a foreclosure alternative that allows the homeowner to walk away from their property and give it back to their lender. It is done because they don’t want to go through the hassle of selling the home or they have tried and have not been able to do so.
Step 2: Submit America’s Servicing Company Deed in Lieu Package
ASC Mortgage Deed In Lieu Submittal
Submitting Your Deed In Lieu Package to ASC Mortgage To Get The Process Going.
What is in the ASC Mortgage Assistance Package?
ASC Mortgage, require pretty much the same documentation as any other lender. In many cases, they will require a listing agreement to see you’ve attempted to sell the home for more than 90 days and that’s only the beginning.
At some time they, they require you to provide your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a deed in lieu, and a hardship letter.
Step 3: ASC Mortgage Deed In Lieu of Foreclosure Broker's Price Opinion (BPO) or Appraisal
ASC Mortgage Deed In Lieu Value
Getting The Correct Value Goes A Long Way.
For a deed in lieu process to be completed with your servicer (ASC Mortgage), you must know how much your home is worth and that is by completing a valuation of the property. The value in most cases is completed by a real estate agent or appraiser who reviews the comparables in the area to establish what the home is worth. In a valuation process properties that had sold and are on sale, both are reviewed. Generally, they want to see the homes that have sold within the last 3 to 6 months but this depends on the volume of homes actively moving in your local market. They consider your homes perceived condition, the size of the living space, how many stories it has, the size of the lot and whether or not it has a pool.
They will also consider market conditions and how fast homes are selling in the area. There are many factors they take into consideration which is why they hire a local professional rather than go online and use something like Zillow or Redfin.
ASC Mortgage Deed In Lieu Appraisal
Deed In Lieu Appraisal Values
Mortgages have different investors. ASC Mortgage is responsible for representing the correct values to those investors so they can make their final decisions. ASC Mortgage loan’s beneficiary will bear the loss in most cases they will hire a local agent or broker to do a value referred to as a BPO or Broker’s Price Opinion because it’s cheaper than an appraisal and it does not always work though. In some cases, a licensed appraiser is required for a deeper review and one that is often certified by that investor to complete values as per their guidelines. Real Estate Appraisers are licensed specifically to value homes whereas agents can give their opinions (hence Broker’s Price Opinion) but that can almost always be over turned by an appraisal. Some investors such as Fannie Mae (FNMA) complete two appraisals. The type of value completed varies from servicer to servicer and investor to investor.
ASC Mortgage Value Disputes and Variances
Fighting Values, Disputing Them and Requesting Variances
A value may return too high or too low and it can happen to a beginner or a true professional regardlessly. One reason could be that they are not from the area and compare properties that don’t have anything in common with the subject property it does not matter how much you may try to meet with the BPO Agent or the Appraiser. At this time you can provide a competing appraisal or set of comparables but choosing the right properties to compare is a skill set on its own. Call us today at 888-934-3444 and we’d happy to discuss any hold ups you may be experiencing in your Deed in Lieu.
Step 4: Finalizing Deed In Lieu Terms
How Long Does An ASC Mortgage Deed In Lieu Process Take
ASC‘s Deed In Lieu of Foreclosure Time Line Coming To An End.
America’s Servicing Company’s Deed In Lieu negotiator or underwriter makes the decision after a value has returned and a complete package. If you meet the minimum criteria your file will be submitted to management or the investor for approval. Due to grading only those files will be submitted will get approved by management and the investor. Often there are many layers before getting approved. An auditing process happens before the submission to management and if approved there is often another auditing process the occurs before an approval letter is issued to you the homeowner or the professional (such as our company) that is representing you.
Countering Terms of ASC's Deed In Lieu Offer
ASC Final Decision on the Deed In Lieu of Foreclosure
Sometimes ASC issues a decline to your deed in lieu request. There are three main parts that play role in approval. The move out date, condition and what amount if any is allowed to go to you for relocation costs, and what is going to happen to the deficiency after the deed in lieu. In different states, the laws may vary on whether or not they have the right to pursue you. Dealing with issues takes a special set of skills that can only be gained through experience. It is easy for anyone to do easy tasks but it’s the difficult transactions that separate that experts from the trainees.
Step 5: Deeding The Home Back To ASC Mortgage or The Investor or A Mortgage Insurance Company
Deed In Lieu Vacate Procedures
How quickly will I need to move out of my home?
The lender will want you to deliver the home in good condition. Usually, 30 days(that can often be negotiated) will be given to moving out and sometimes a relocation money is offered depending on how quickly you vacate the property. Deed in lieu is like closing a typical real estate transaction. Once all the terms of the deed in lieu have been approved by lien holders and any mortgage servicers you can move forward grant deeding the property back to whomever you are instructed to deed it over to. By now a title search has probably been run by your lender as they will not want to take back possession of the property unless there are no longer any liens.
Deed In Lieu time to vacate extensions
ASC Issues Deed in lieu Extension
Sometimes people can not leave home at the time and the approval letter expires. In such cases, it really depends on many factors such as whether the value they have on file for your home has expired and various other hurdles. It is good to consult an expert for extension or to see if you will have to start the process all over again. ASC Mortgage’s Management can lead you best in such challenges. End results may vary greatly but the best part of our services is we only get paid if the transaction successfully closes! Call us today for more information about our “Done For You” services. Call 888-934-3444 or email us at [email protected]
We've Been Dealing With ASC Mortgage For Over A Decade!
?Don't Get Lost In ASC Mortgage's Web!?
How Does ACG Get Paid?
Absolute Consultant Group (ACG) streamline the process of applying to your mortgage lender for deeding back your property. ACG is charge free and did you know in the case that America’s Servicing Company doesn’t approve the transaction we don’t get paid a single penny. In some cases the lender will even pay our fee. It’s a no risk opportunity to work with the right team to help you with your mortgage. Call for details 888-934-3444.
Understanding The ASC Mortgage Deed In Lieu Status
ASC Mortgage Deed In Lieu Application is a lengthy document and ASC Mortgage hasn’t made any effort to simplify the process much better either. But ACG has put in the time and the efforts to offer you a streamline process of application for the deed in lieu with a few steps as possible in order to reach your mortgage assistance goals.
Assistance For ASC Mortgage In America
Locally founded here in the USA our company becomes your single point of contact for all of your America’s Servicing Company challenges. With us you get someone here in the states to work with. You and your ASC with ACG are in good hands. When you work with Absolute Consultant Group for all your lender needs we become your one stop shop for working with America’s Servicing Company‘s deed in lieu process or any other mortgage assistance programs from start to finish.
Call Us 888-934-3444 Today.
America’s Servicing Company Deed in Lieu Package Breakdown
What is the America’s Servicing Company Deed In Lieu Package?
America’s Servicing Company Deed In Lieu Package also known as the America’s Servicing Company Request for Mortgage Assistance is required to be completed in order to apply. Using the recent paper work is necessary and always check with a professional. The paperwork we last found was put up on the Absolute Consultant Group (ACG) Website. ACG helps homeowners with their America’s Servicing Company deed in lieu process.
There are 11 Sections to the standard America’s Servicing Company deed in lieu forms.
Need Assistance With ASC?
Need Assistance With America’s Servicing Company?
ASC Mortgage Deed In Lieu RMA Forms PDF Breakdown:
Hardship Letter Affidavit
Application Check List
Page 1 – About You On this page ASC really covers the basic information about the borrower and the co-borrower. It covers the contact information for each, their social security information, along with making sure to gather the mailing address for each.
- Page 2- About Your Property There is a disclosure that covers SCRA (Soldiers and Sailors Act) information but this page is really about ASC covering what they need to know about the property. The home attached to your mortgage loan needs to be qualified by various factors. They want to know your residence status and if it’s a rental modification you are applying for. ASC also has models they use based on the number ofresidents in the home to establish reasonable monthly budgets. Afso they need to know if your intent is to keep or sell the home. Lastly, they ask you what property it is you are asking for assistance with and if the insurance is up to date.
- Page 3- About Your Mortgage Loan It seems odd but this section the use to ask you questions that it seems like ASCwould know like are your taxes escrowed or is your home insurance included with your payment. The one question they ask that they wouldn’t know is if you have a homeowners association or other types of dues.
- Page 4 – About Your Property Title This is where your ASCmortgage asks about additional liens and judgments. They cover if there are second mortgages and how to contact and of these lien holders.
- Page 5 – Listing Status and Employment Information ASCconsiders all mortgage solutions through their “One Decision” policy so they take into consideration whether you are actively markeing the property for sale, with whom you have the home listed and if you’ve received an offers. They also cover in a very simple way the employment history and whether either of the borrowers are currently unemployeed. No matter what the situation ASCMortgage is always trying to establish when things started.
- Page 6 Financial Information (Income) ASC Loan Borrower Financial Information assistance package asks for your monthly budget. ASCwants to cover all the basics so they ask, for one, about your gross/net income. You need to inlude all sources of income including non-borrower contributors in the budget. You must also inform them of any assets that you have. This includes but is not limited to, bankchecking accounts, and anything else you have of value.
- Page 7 – Financial Information (Expenses)In this area you have to make sure you cover everything that is part ofyour monthly expenses spanning from food to utilities to child costs.
- Page 8 – Hardship Affidavit ASC always looks for the reason you are defaulting. They look to see that issue has been resolved because otherwise they won’t be able to set you up on a sustainable plan and reach affordability. This section covers somewhat what a hardship letter covers such as the date the hardship occured and additional details surrounding the situation.
- Page 9 – Wells Fargo Hardship Affidavit Continued This page is a series of boxes that cover different types ofhardship so you only have to fill out what applies to you.
- Page 10 – Assistance To Date ASC like most lenders must assure they did everything they could to help mitigate losses so they ask you if you’ve previously received assistance, whether or not you filed bankruptcy and if you’ve been speaking to credit counseling agencies what their name and number is.
- Page 11 – Government Use This last section doesn’t really require the borrower to do too much but to fill out some basic census type information.
ASC Is Difficult. Don't Go It Alone. Professionals Standing By.
Disclaimer: Using The Wrong Form May Lead To A Denial
We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.