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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. 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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Beneficial Bank Deed In Lieu Of Foreclosure


Beneficial Bank RMA Deed In Lieu of Foreclosure Package

Mortgage Assistance Form.

Deed In Lieu Decline

Beneficial Bank Deed In Lieu Application Denied?

Beneficial Bank Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Beneficial Bank Loan Deed In Lieu Negotiators. We're On Top.


Beneficial Bank Deed In Lieu of Foreclosure Process

If your current loan is serviced by Beneficial Bank and you want to apply for Deed In Lieu of Foreclosure then we at ACG will make sure that our customers go through a process that is standard and similar to most companies:

  1. One of our team members calls Beneficial Bank counselor and sometimes we have to follow up after placing an appointment but once have spoken to them the process will begin on your Deed In Lieu Application.
  2. Request for Mortgage Assistance Paperwork is also required for the process.
  3. You may have to go through a review for Loan Modification before the DIL process.
  4. They prefer you try to sell the property before they take on the liability of owning the property in some cases because they will require you to attempt to sell the property prior to allowing you to deed it back to them.
  5. You will have to get your property’s title checked as the next step of the process.
  6. A valuation will be completed on your property by Beneficial Bank on behalf of the investor.
  7.  In next step, terms of relocation and timeframes will be negotiated by us with Beneficial Bank.
  8. Lastly, your lender provides a response to the deed in lieu of foreclosure made to them.

Going through these steps is not as easy as it sounds and you will be convinced that if you have previously dealt with Beneficial Bank for getting any kind of Mortgage Assistance. There will always be some difficulties you will have to face during the process. But do not consider it a problem, ACG has experience of more than a decade in helping customers facing difficulties with their mortgage. It is very typical that you will have to repeat certain steps again and again. After a decade of experience dealing with these situations that we know where to run around from department to department. Maybe you have been going through a loan modification process with Beneficial Bank for a long time and maybe they have to close the file or review it. Maybe the short sale department has your file because their trying to push you to sell the home first. We are here to do everything for you and most importantly you should be able to figure out when they are sending you in the wrong direction. Often 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. We can help you through the process of doing a deed in lieu of foreclosure even if that means reviewing a decline made by Beneficial Bank.

Beneficial Bank Loan Deed In Lieu Timeline

Similarly to any company of this size timeline of Deed In Lieu Process varies greatly. Sometimes, reasons are obvious and sometimes it is not clear what is going on. These are just a few of the hoops we jump through when dealing with a deed in lieu with Beneficial Bank.

  • To begin with,  Beneficial Bank as it is understandable from their name is just a loan servicer. They are only working on behalf of an investor. Beneficial Bank has to follow a set of rules for any process which 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. Due to these set of rules Beneficial Bank cannot always make a decision themselves and for the decision that they are not allowed to make they will have to get approval from the investor. 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, The fact that whether your loan has a foreclosure date or not hugely effects the timeline of the process. The company can be very difficult to deal with when a sale has to be stopped so that the Deed In Lieu of Foreclosure process can be completed. The sale dates even in the coming week are not worked on urgently as a company like Beneficial Bank has sale dates for every working day of the week. 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. At such a large level of this type, miscommunication can lead to certain failure. It is a very specialized skill to represent a homeowner in this niche of Deed In Lieu of Foreclosure process that can be learned only through experience. 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.

Beneficial Bank Loan Deed In Lieu Timeline Conclusion: The timeline of the Beneficial Bank Deed In Lieu Of Foreclosure depends on a very broad range of factors and not only limited to the ones mentioned above. A decision will be made a lot quicker if Beneficial Bank can make it themselves. What the lender perceives as the value of the property will also effect the timeline. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast Beneficial Bank’s Loss Mitigation department receives the Beneficial Bank  Deed In Lieu Forms to apply for mortgage assistance are received (readable) and other factors will come together to effect how long it will take for your Beneficial Bank Deed In Lieu application will take to be Approved.

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


How To Fix An Beneficial Bank Deed In Lieu Decline?

The reason as to why your application was denied can often be very confusing. Mostly we have seen the most important reason for decline is miscommunication. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your Beneficial Bank deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

Beneficial Bank Mortgage Deed In Lieu Reviews

BeneficiaDeed In Lieu Complaints

Beneficial Bank is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your Deed In Lieu. Call 888-934-3444.

Beneficial 1 Star Review:

My interest is 9.79%. I was told I could not receive any help because I have already been on a temporary loan modification for 8.7%. HFC could offer a short sale or I could foreclose. I told HFC that my house is upside down and I cannot get anybody to refinance. My home is worth $110,000.00 and I owe $150,000.00. That did not matter. HFC late payment fee is $67.19. I have been in my house for 17 years. I work every day, but the house note is $1908.00. I told them all I want is a reasonable interest rate. I was told they could not help me. If anyone knows of another resource, please let me know.

Jan, Richmond, VA

Beneficial 1 Star Review:

I have never had such mistrust in any company like I do Beneficial mortgage. I pay more than the due monies and the mortgage never goes down. I call and either on hold or get passed around. Mortgage was sold to another company. How convenient HSBC/BENEFICIAL. My credit score is in seven hundreds and high interest rates. Don’t trust them!

Walker, Pawtucket, RI

Don't Be A 1 Star Review


Don't Be A 1 Star Review


Beneficial 1 Star Review:

Been 10 years. Still owe same amount while making regular payments. Interest outrageous. Website down for a month. When I called it was an outrageous hold time and nothing they can do to help. They know website is down, don’t know when it will be up. Ridiculous.

Laurie, Saratoga Springs, UT

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 Beneficial Mortgage.

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

ACG Specialist Here To Help Your Beneficial Mortgage.

Beneficial Deed In Lieu News

Beneficial Bank 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. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with...

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