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Dealing with Foreclosure

What is loss mitigation?

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  • Amelia Robinette

    TeamRobinette

    www.teamrobinette.net  
    703-533-8120

    Amelia Robinette is trained in personal financial planning and has an extensive background in corporate finance. She brings her skills analyzing the big pictureto her mortgage clients. Customer service is the most important thing to Amelia and her team of professionals. Obtaining a mortgage can be a stressful process.It should be taken very seriously… you are dealing with not only very large sums of money, but your home. TeamRobinetteunderstands that these are very important and personal decisions and will guide you along the way, removing any mystery from the process. Amelia has several years of experience providing mortgage options to her clients so they are well informed about all programs available. Amelia's focus is on teaching people how to integrate their mortgage into their financial plan, taking into consideration short-term and long term cash goals, as well as overall investment planning.TeamRobinette also offers commercial mortgages, housing counseling, reverse mortgages, small business financial planning, and construction loans.

  • What is loss mitigation?

    Give yourself every advantage when you're facing foreclosure. And get tips on how to avoid finding yourself in that situation. Expert Amelia Robinette explains some of the terminology associated with foreclosure and gives tips to help you get back on track.

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    This series: 3,244 views

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    Tags:

    Foreclosure

    ,

    Property

    ,

    House

    ,

    Sale

    ,

    Mortgage

    ,

    Debt

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  • Transcripts

    Host: What is loss mitigation?

    Amelia Robinette: Loss mitigation is a phrase used by lenders to describe their departments that are in place to mitigate or minimize their losses. They have these separate departments set up to help anybody having issues paying their mortgage. The lender does not want to foreclose on you. They want you to stay in your home and they want to work out a program that is beneficial to both parties. Lenders lose money by foreclosing and they try to mitigate their losses or minimize their losses by working with any borrowers.

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