Internally managing a default or REO portfolio can be challenging. Identifying, retaining 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 default portfolio issues. Most importantly, our business minded approach reflects a process that is skillfully, reliably and efficiently managed.
We invite you to review our service offerings and talk with any of our real estate attorneys or other dedicated staff members to explore how we can streamline your work. We are uniquely experienced in all facets of default servicing; and know how to navigate around the many barriers that exist in our industry today which allows you to reduce the energy and internal resources required to manage your servicing 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.
Since 2002 Nations Default Services (NDS) has been a strong supporter of Children’s Mercy Hospital. Over the years various events have raised over $100,000 for the outstanding programs at Children’s Mercy. Events like the annual “Bowl For Mercy” benefit NDS actively participate in.
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.