Internally servicing a defaulted mortgage or REO portfolio can be challenging. Providing the proper oversight and coordinating the activities of various attorneys, trustees, real estate agents and title companies is complex, costly, and incredibly inefficient.
Our mission is to simplify the process. That means you can be assured of our unwavering commitment to direct and simple solutions to your defaulted mortgage servicing needs. Most importantly, our attention to detail, timeline management and of course, regulatory requirements is reflected in process and controls that are transparent and efficiently managed.
We invite you to review our service offerings and talk with any of our dedicated staff members to explore how we can streamline your work.
When partnered with its sister brands, Nations Property Solutions, Nations Lending Services, Nations Valuations Services and Nations REO, Nations Default Services offers complete end-to-end real estate default servicing solutions. This allows you to reduce costs and mitigate losses of your defaulted loan portfolio.
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FORECLOSURE is the legal right of a mortgage holder or other third-party lienholder to gain ownership of the property and/or the right to sell the property and use the proceeds to pay off the mortgage if the mortgage or lien is in default. It is a concept that has existed for centuries.
NDS has compiled some basic information about state foreclosure laws, provided below. This information is designed to help you understand the process in each state. However, legal information is not legal advice. The laws of every state are different and frequently change.
Over the last few years, Nations Default Services has been involved with FISH (Food Industry Serving Heroes), an organization that was founded by food retailers to supply support to those individuals that have served in the armed forces.
Many lenders provide alternative solutions for qualified borrowers to resolve defaulted loans. Your lender may have a special loss mitigation program just for you.
NDS uses state of the art encryption and defense to make sure sensitive information is protected against identify theft and other threats.
The NDS foreclosure glossary provides simple definitions for some of the most common terms you can expect to hear during the foreclosure process.