Foreclosure. If that word sends chills up your spine, you are not alone. But far too many communities use it as a last resort.
Equity Experts proposes foreclosure when it is the best fiduciary option based on analytics that help us predict a quick resolution. When the right circumstances are present, we can say with near-certainty that an owner will settle their account during the foreclosure process. In contrast, when foreclosure is appropriate but not used, these same accounts could end up in a perpetual state of delinquency with multiple lawsuits or small claims judgments that are difficult to enforce.
When used properly, foreclosure offers measurable advantages:
Equity Experts has the technology to identify the best way to resolve each account. In our latest video, we address when foreclosure might be the best fiduciary solution for a community.