STOP FORECLOSURE AND AVOID BANKRUPTCY

We at Augustus, Rae and Reed have negotiated hundreds of mortgage delinquencies and foreclosure situations on behalf of our clientele. We have come to recognize that conventional means of addressing such problems typically do not provide realistic or acceptable alternatives.

The Augustus, Rae and Reed team conducts a thorough review of our client's present financial situation. With this updated analysis, we are able to determine the most practical presentation that can be put forward to address the delinquency claim. Our approach expedites required financial disclosure to the creditor, and further serves to address other matters including market value of the subject property, title encumbrances, subordinate mortgage claims, and legal and tax considerations.

In summary, each mortgagor's unique situation undergoes a comprehensive team analysis as necessary to determine the most effective means of minimizing potential losses as the claim is resolved and bankruptcy is avoided.

Of considerable note is the fact that the majority of mortgage delinquencies and foreclosures are brought on by a recent financial setback that typically exhausts the mortgagor's savings and financial reserves. Limited availabilty of funds and fixed income limitations typically prevent a conventional reinstatement workout. Furthermore, title encumbrances such as second mortgages, subordinate liens, and judgments further eliminate the presumed alternative of satisfying the claim via relinquishment of the deed in lieu of foreclosure.

For these reasons, we often employ nonconventional means of addressing delinquencies and foreclosure claims. We structure presentations on behalf of our clientele that include: capitalization of arrearage; modification of terms of the existing note; various offers in compromise to subordinate lien holders; asset liquidations including short sale offers in compromise; and provision of further security to the mortgagee as additional individuals secure the subject note. Only after exhausting all potential alternatives do we recommend bankruptcy reorganization or liquidation, which is employed in a very small percentage of situations in which our services are utilized.