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Dundee Data Blog > Dundee Data News > Save struggling borrowers from FORECLOSURE!

Save struggling borrowers from FORECLOSURE!

October 18, 2010 • Dundee Data • Dundee Data News

Billionaire investor Warren Buffett recently wrote to his shareholders, “Commentary about the housing crisis often ignores the crucial fact that most foreclosures do not occur because a house is worth less than its mortgage (so-called ‘upside-down’ loans). Rather, foreclosures take place because borrowers can’t pay the monthly payment that they agreed to pay.”
Due to changes in the economy over the past few years, more and more people are having difficulty balancing their income and their bills, especially mortgages. While refinancing used to be the automatic recourse for many, loan modification has become the new trend and better solution overall. It is cheaper for the consumer to modify their loan than to refinance and will actually salvage the borrower’s credit score while keeping the same lender.
Are you a mortgage lender or broker? Do you have the ability to help people with at-risk loans properly re-engineer their mortgage and turn them back into responsible homeowners? If this sounds like you or your company, it only makes sense to align yourself with a company like Dundee Data.
Dundee Data can find these homeowners who are stuck under water and headed down the wrong stream to foreclosure and losing their homes. Do you want to target those with late mortgage payments? Low income? Adjustable interest rates? High monthly payments? Fannie Mae or Freddie Mac loans? We can find all of these people and more for you.
Contact Dundee Data today. We’ll help you to reach your target market.

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