Mortgage Help Now’ Launched

April 7, 2008

A new company, named Mortgage Help Now, has been formed to provide assistance to homeowners facing foreclosure due to problems in the mortgage industry. The company, affiliated with The Liput Group, is comprised of mortgage industry executives and lawyers. Many of the participants are professional mortgage consultants who were formerly mortgage industry executives and lawyers who normally provide advice to lenders and Wall Street on banking/lending issues, such as loss mitigation, investor relations and regulatory matters.

"Our staff has decided to take our expertise, and our relationships with mortgage banks, and use them to help consumers faced with foreclosure," said Andrew Liput, the group’s president. "Rather than pay lawyers high hourly fees to learn about the mortgage business and try to stop a foreclosure, we feel using mortgage insiders will be less expensive and get faster, better results for homeowners.

"Lawyers are not trained in the highly specialized mortgage industry, so they charge a lot of money to review documents to get up to speed. We know the industry, the market, the lenders and the methods to fight foreclosure. Whenever possible, we save a consumer’s home. When that is not possible, we know the language and techniques to minimize the financial consequences," Liput said.

Posted in Lending, Real Estate, Things of Interest