Everhome Mortgage Deed In Lieu Of Foreclosure

Everhome Deed In Lieu of Foreclosure Process

If you want to go through Deed In Lieu of Foreclosure process on a loan serviced by EverHome Mortgage then we at ACG can help you through the process and make sure that you go through a process that is standard and similar to other companies:

1. To initiate the process of Deed in Lieu of Foreclosure with EverHome Mortgage a member from our team of professionals will make a call to talk to your loan counselor to talk about starting the process and once we have talked to them the process will be initiated.
2. You will also require the Request for Mortgage Assistance (RMA) package for the DIL Process.
3. They may ask you to first go through a Loan Modification Review before DIL Process.
4. Sometimes you may have to sell the property to someone else first before transferring the deed back to EverHome Mortgage. They ask you to do this to prevent themselves from the liability of owning the property.
5. You will have to get your property’s title checked as the next step of the process.
6. Now EverHome Mortgage will do a valuation on your property on behalf of the investor as part of the process.
7. Our team will now have to negotiate the terms for timeline and relocation with EverHome Mortgage.
8. Lastly, your lender (EverHome Mortgage) provides a response to the deed in lieu of foreclosure made to them.

In reality it is a lot difficult going through these steps of Deed In Lieu Process with EverHome Mortgage. There are a lot of difficulties you have to face through the process with them. But ACG is here to help our customers with Mortgage Difficulties so you don’t have to worry. Often you will have to repeat the same steps again and again during the process. While going through the process for you we will have to run around from department to department. It is possible that you have ben trying for a long time to get Loan Modification from them so maybe they need to review it or close it out. It is also possible that they want you to sell your home first so the short sale department has your file.We are here to do everything for you so you don’t have to do anything. 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 EverHome Mortgage.

EverHome Mortgage Deed In Lieu Timeline

The timeline of the Deed In Lieu of Foreclosure for EverHome Mortgage varies greatly just like it would for any company like it. The timeline sometimes varies due to very obvious reasons and sometimes the reason is not clear. These are just a few of the hoops we jump through when dealing with a deed in lieu with EverHome Mortgage.

• To begin with, EverHome Mortgage just work to service Mortgage notes and always represent the interests of an investor and have to follow a set of rules for this 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. The presence of these rules make it difficult for EverHome Mortgage to make the decisions themselves. 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 foreclosure date then this will have a great impact on the timeline of the process. If it has to be like this that the sale has to be stopped so that the process of DIL can be completed then the company can become a lot difficult to deal with. A company as large as EverHome Mortgage have sale dates for homes for every day of the week so even the sale dates for next week are not worked as urgently as you would like. 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. The fact that makes this more trickey is that this goes for both sides. Even a slight miscommunication can lead to certain failure at this lrage level. The skill of representing a homeowner during the process of DIL is a very special skill learn able only by 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.

EverHome Deed In Lieu Timeline Conclusion: The factors on which the timeline of DIL process depends are very widely ranged and are not limited to the ones mentioned above. If EverHome can make a decision themselves then you will see the result a lot quicker. What the lender perceives as the value of the property will also affect the timeline. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast EverHome’s Loss Mitigation department receives the EverHome 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 EverHome Deed In Lieu application will take to be Approved.

How To Fix A EverHome Deed In Lieu Decline?

Sometimes it can be greatly confusing as to why your application was declined. Mostly miscommunication as the most important reason for decline. 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 EverHome Financials deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

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