Wallace Real Estate Solutions
Wallace Real Estate Solutions is a Loss Mitigation Consulting and Process Management company that works with distressed homeowners to review their loss mitigation options, to develop a plan on their behalf, which proposes to provide a NEW SOLUTION to their lender and the court system. This plan is designed to keep as many distressed homeowner’s in their home as possible, or to provide a smooth transition for those that choose to move on.The current loss mitigation process is broken. Our new approach cuts through the bureaucracy and brings clarity to a complex process. By providing a clear analysis of the interest of all parties, we are realigning the interests of all parties, to bring a new solution to our foreclosure crisis and to provide a NEW START for our distressed homeowners.
We offer distressed homeowners a FREE CONSULTATION to review the circumstances that lead to their default, and the potential loss mitigation options that are available to them. We have extensive knowledge of the types of program that are available through the banks, government enterprises and agencies, mortgage servicers’ and their investors’. We advise homeowners of the FREE COUNSELING that is available to them, as well as offering guidance about the foreclosure process from a loss mitigation perspective.
The Lender’s Perspective
Any successful negotiation requires looking at a fair assessment of the interests of all the parties. In order for us to produce a successful plan we must evaluate the impact it has on the lender’s financial return. In most cases “the lender” is really a mortgage servicer contracted to service the loan for a specific investor. The servicer has a fiduciary duty to act in what is in the best financial interest of their investor.
The Wallace Plan
“The Wallace Plan” is our proprietary customized plan, included in our Mortgage Loan Workout Report that offers a NEW SOLUTION for our client, the distressed homeowner and their lender.By laying out all of the loss mitigation options from the prospective of both parties we are able to offer a clear concise SOLUTION that would be mutually beneficial to both parties.