Mortgage Insiders Change Sides to Help Consumers Fight Foreclosures
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foreclosures February 21st, 2008A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are helping borrowers keep their homes, and work out new loan arrangements to avoid foreclosure, bankruptcy and financial ruin.
Mountain Lakes, NJ (PRWEB) February 20, 2008 — A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are helping borrowers keep their homes, and work out new loan arrangements to avoid foreclosure, bankruptcy and financial ruin.
The company, which is known as Mortgage Help Now, is affiliated with The Liput Group, a group of professional consulting companies operated by former mortgage industry executives and bank lawyers that normally provides advice to lenders and Wall Street on sophisticated bank issues such as loss mitigation, investor relationships, and regulatory matters.
Andrew Liput, The Liput Group’s president, and a corporate and banking lawyer for more than twenty years said, “our staff has decided to take our expertise, and our established relationships with mortgage banks, and use it to help consumers faced with foreclosure.”
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