A Foreclosure filing Every 13 Seconds

The US averaged over 6500 foreclosure filings per day in first quarter 2009. That translates to over 270 per hour or one every 13 seconds. Behind these statistics are real people with real stories.

What is most heart breaking is that in many cases foreclosures might have been avoided through loan modifications or other options.

But banks are overwhelmed.  Most do not yet have in place the processes or systems to  effectively handle the volume from a market shift of this magnitude.

REO Alternatives can help. We have developed eMortgage System Processing (ESP) that can bring immediate relief to banks, borrowers and communities.

eMortgage System Processing is:

Fast  - 50% of homeowners execute loan modification documents on the same day and 80% by the next day.

Transparent - provides necessary transparency, while maintaining data integrity to reduce fraud.

Compliant - meets full compliance with governmental regulations and requirements.

Green - better for the environment
than traditional methods.

Over 80% of Mortgages are Processed Within Two Days

Think of ESP as a Fast Lane