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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Freedom Mortgage Deed In Lieu Of Foreclosure

k

Freedom Mortgage RMA Deed In Lieu of Foreclosure Package

Mortgage Assistance Form.

Deed In Lieu Decline

Freedom Mortgage Deed In Lieu Application Denied?

Freedom Mortgage Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Freedom Mortgage Deed In Lieu Negotiators. We're On Top.

 

Freedom Mortgage Deed In Lieu of Foreclosure Process

If you going to applying for Deed In Lieu Foreclosure process on a loan serviced by Freedom Mortgage then we at ACG will work our best to ensure that our customers go through a process that is simple and standard as for other companies:

  1. To start the process, a member of our team will have to call your loan counselor at Freedom Mortgage and sometimes we have to call again after placing an appointment but once we have spoken the process will be initiated.
  2. Paperwork called Request for Mortgage Assistance is also mandatory for the application.
  3. Before they start the DIL Process you may first have to go through a review for Loan Modification.
  4. In some of the cases, Freedom Mortgage may prefer that you sell your property first to someone else before transferring the deed to them to prevent themselves the liability of owning the property.
  5. In next step, the title of your property will have to be checked.
  6. Freedom Mortgage will have to do a valuation on your property on behalf of the investor.
  7.  In next step, terms of relocation and timeframes will be negotiated by us with Freedom Mortgage.
  8. Lastly, your lender provides a response to the deed in lieu of foreclosure made to them.

Whoever who has been through the short sale process with Freedom Mortgage will know that they are not easy to deal with. During the process, you will have to face many difficulties but you have nothing to worry about as ACG has a specialized team having experience of more than a decade to help our customers facing Mortgage related difficulties. While the process is ongoing you may have to repeat certain steps again and again. It is good for you to know that we will have to run around from department to department. It could be that you have been trying to get a Loan Modification from them for a long time and they still need to close the file or review it first. Maybe they want you to sell the house first so the short sale department has your file. We are here to do everything for you and most importantly you should be able to understand when they are sending you in the wrong direction. Mostly, 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 Freedom Mortgage.

Freedom Mortgage Loan Deed In Lieu Timeline

Freedom Mortgage is a big company so the timeline of the Deed In Lieu Process varies greatly. Sometimes it is very vague that what is going on behind the scenes. These are just a few of the hoops we jump through when dealing with a deed in lieu of Freedom Mortgage.

  • To begin with,  Usually, companies like Freedom Mortgage are servicers of mortgage only and they have to follow a set of rules while servicing any loan which is called as “PSA” or Pooling and Servicing Agreement that governs the pools of mortgages they service as they are only a servicer of Mortgage and usually represent an investor. The PSA is like a  contract between servicer and beneficiary of the mortgage note. The investor allows Freedom Mortgage the authority to make some decisions only and for the decisions that they cannot make themselves they will have to get permission 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 timeline deed in lieu of foreclosure process is hugely affected if your loan has a sale date. If the sale has to be stopped to complete the deed in lieu of foreclosure process then they become a lot difficult to deal with. A company like Freedom Mortgage has sale dates for every day of the week so they are not worked on 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, All negotiators were not created equally. What makes the process tricky is that this goes for both sides. Miscommunication can lead to certain failure while dealing at this kind of large level. Representing a homeowner during the process of Deed in Lieu Of Foreclosure is a very specialized skill that can be learned through experience only. 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.

Freedom Mortgage Deed In Lieu Timeline Conclusion: There are many factors on which Freedom Mortgage’s Deed In Lieu of Foreclosure process’s timeline depends and not only limited to the ones mentioned above. If it is possible for Freedom Mortgage to make the decision themselves that will be much quicker. What the lender perceives as the value of the property will also affect the timeline. Your limit to get Deed In Lieu will also be hugely limited if you have other liens. How fast Freedom Mortgage’s Loss Mitigation department receives the Freedom Mortgage 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 Freedom Mortgage Deed In Lieu application will take to be Approved.

If Your Freedom Mortgage Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix A Freedom Mortgage Deed In Lieu Decline?

Miscommunication is the reason for the most of application to decline but it can often become very confusing as to why it was rejected. 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 Freedom Mortgage deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

Freedom Mortgage Contact Information

Freedom Mortgage Customers

Freedom Mortgage Complaints

Freedom Mortgage Deed In Lieu Reviews

Freedom Mortgage Deed In Lieu Complaints

Freedom Mortgage 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.

Freedom 1 Star Review:

Payoff department is incompetent.  Letters received with charges that are incorrect.  Call department, errors acknowledged, but charge a fee to send corrected letter.  You have to pay them to fix their own mistakes!! OR….pay the wrong amount and hope they refund the mistaken charge!!!

Margaret, Elk Grove Village, IL

Freedom 1 Star Review:

BEWARE of this lender, service provider! I inherited them like most of you, but if you have the choice run far. They recently changed my escrow up by $700 claiming due to tax and insurance. However, they decided to charge me late fees since my payment was short by $700 due to automatic withdrawal from my bank. However, they refused to post my payment and charge me the entire balance. When I spoke to their rep they refused and said that it was their policy. They even reported me to credit agencies which subsequently killed my rating. I’m in process of reporting this bank to BBB and suggest you all do same.

Keith, Riverhead, NY

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

Freedom 1 Star Review:

Freedom Mortgage bought our loan and they are a complete mess. Their departments do not communicate with one another and you have to call several times to figure anything out. They say they will do things that they don’t follow through with. They haven’t been applying the extra money we’ve been paying to the following month’s payment or to principal. We are in the process of trying to figure out where it is being applied. We’ve had several random $15 “payment fees” when we’ve only ever paid by check or online and even had 2 of those fees in the same day. We are paying $2000 over into our escrow per year and they refuse to lower our monthly payment. I wish there were a zero stars option, they don’t deserve even one.

Alexa, Orum, 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 Freedom Mortgage.

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

ACG Specialist Here To Help Your Freedom Mortgage.

Freedom Mortgage Deed in lieu News

Freedom Mortgage 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...

read more