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Asset Foreclosure Services, Inc. features a centralized approach to specialize in a wide range of default servicing solutions to meet the needs of a diversified clientele including servicers, sub-servicers, banks, and private investors. We manage your assets from a servicer's perspective to ensure cost-efficient and expeditious processing. Whether it is a foreclosure, workout, short sale, bankruptcy, title claim, eviction , or whatever other default need you may have, we are your one stop shop! Asset Foreclosure Services, Inc. stands ready to simplify the foreclosure process and protect your assets. Let us show you why we are the... Advantage to Lenders!
In-house foreclosure services in
eight states:
Arizona, California, Idaho, Montana, Nevada,
Oregon, Texas, Washington
National attorney referral services to handle
your needs nationwide
Complex Foreclosures
Deed in Lieu of Foreclosure
Post-Sale REO & Eviction Services
Bankruptcy: Ch. 7, 11, & 13, Litigation
Loss Mitigation: Forbearance Agreements,
Work-outs/Payment Arrangements, Short Sales
Senior Lien Monitoring/Bid At Sales
Reinstatement & Payoff Quotes
BPO & Valuation Services
Title Services
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NEED HELP GEARING UP FOR SB 1137 RULES?
LET SAS DO THE WORK FOR YOU
As you know, the recent enactment of Senate Bill No. 1137 passed on July 8, 2008, requires mortgage lenders and servicers to perform specific actions in regards to defaulted borrowers on loans made from January 1, 2003 to December 31, 2007. At Asset Foreclosure Services, Inc., our primary purpose is making your life easier and providing reliable, efficient services for you.
That is why AFS is proud to announce its affiliate’s new SB 1137 Service! On a private label basis, Strategic Asset Solutions (SAS) will fulfill many initial requirements of SB 1137 on your behalf and keep you updated every step of the way.
These initial required actions entail:
1) Contacting the borrower 30 days prior to filing a notice of default
a. Contact must be used to assess the borrower’s financial situation and explore various options for the borrower to avoid foreclosure.
b. During this contact, the borrower must also be offered a subsequent meeting to discuss their financial situation to be scheduled within 14 days.
c. Also during this contact, the borrower must be provided with information on a HUD-certified housing counseling agency.
2) If the above contact fails, the borrower must be mailed a first-class letter including information on a HUD-certified housing counseling agency.
a. This letter must be followed by telephone calls at least three times at different hours and on three different days to discuss with the borrower.
3) If above contact fails after a period of two weeks, the borrower must be mailed a certified letter, with return receipt requested, outlining a means for the borrower to contact their mortgage lender, servicer, or SAS (authorized agent).
SAS maintains foreclosure and loss mitigation experts on staff that can facilitate this process with the utmost professionalism and sincerity. SAS can help on a step by step basis, or can perform all of the steps to take the work off of you. SAS will provide you with a summary checklist of dates, times, and procedures for each borrower file, as well as a digital and CD copy with any recorded conversations if requested.
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