Nationstar Mortgage Is Committed To Helping Borrowers Avoid The Foreclosure Process

This press release informs the readers that Nationstar Mortgage is committed to helping borrowers avoid the foreclosure process.

Minneapolis, MS (prHWY.com) September 25, 2012 - As one of the leading Texas-based mortgage lenders and servicers, Nationstar Mortgage strives to help borrowers prevent the foreclosure process. There are multiple options available that may help borrowers bring their mortgage current and avoid foreclosure. Forbearance refers to a process where borrowers may delay or reduce payments until he/she is able to bring the mortgage current. A great option for temporary situations, forbearance may help borrowers get their finances back on track without the fear of losing their home. The repayment plan is another option that may help homeowners bring their mortgage current within a scheduled time frame. With this plan, past due payments are distributed across a specified period and borrowers may pay their normal monthly payment along with an additional portion of the past due amount.

Another effective option by Nationstar Mortgage to help homeowners avoid the foreclosure process is through modifications. Eligible borrowers may be able to modify the terms of their loan and add a portion of the past due amount to their unpaid principal balance. This option may help them stay in their home with terms or payments that meet their present financial needs. With short sales, borrowers may market as well as sell their home to pay off mortgage debt.. The deed-in-lieu option involves transferring the property back to Nationstar Mortgage if the homeowner is unable to get assistance through other options.

About Nationstar Mortgage, LLC

Nationstar Mortgage, LLC is one of the country's most reliable mortgage lenders. They originate mortgages to consumers through their call center (in Lewisville) as well as their Wholesale Lending and Distributed Retail Channels. Known for their outstanding customer service, the company has served thousands of customers since inception. For more information, please visit www.nationstarmtg.com.

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Tag Words: nationstar mortgage, llc, foreclosure process

Categories: Business

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