The Home Retention and Loss Mitigation Practice Group offers practical options to our lender and loan servicing clients to educate and assist consumer borrowers about our clients’ home retention programs. For commercial loans involving real estate and non-real estate collateral, we help our clients in the implementation of forbearance, restructuring and workout solutions. These solutions benefit lenders and servicers by avoiding the costs of foreclosure, bankruptcy, eviction and maintenance of REO properties after foreclosure.

Home Retention and Loss Mitigation
We offer the following services which can be tailored to meet the needs of our lender, mortgage holder and mortgage servicer clients:

• Telephone and written campaigns to contact borrowers at risk or in default


• Initial contact with borrowers before an interest rate adjustment occurs


• Telephone and written campaigns to contact borrowers in foreclosure or bankruptcy to offer available solutions to benefit both borrower and servicer/mortgagor


• Loan modifications


• Repayment plans


• Forbearance agreements


• Deeds in lieu of foreclosure


• Pre-foreclosure sales and short sales


• Reaffirmation and loan modification agreements in bankruptcy


• FHA Hope for Homeowners and FHASecure loan programs


• FHA partial claim programs


• VA repurchase program

Loss Mitigation, Workout and Recovery for Commercial Loans
With unique expertise in the documentation and closing of commercial real estate, corporate and asset-based credit facilities including workout, forbearance, restructuring and modification agreements, our attorneys assist commercial lenders, mortgage holders and loan servicers in evaluating their rights and remedies under their loan documents.

In addition to forbearance and loan modification solutions, deeds in lieu of foreclosure and short sales are available, as well as receivership and bankruptcy options that allow orderly liquidation of collateral.

The firm is a member of the Fannie Mae Retained Attorney Network and is designated counsel in Rhode Island and Massachusetts. In addition, the firm is a member of the USFN, America’s Mortgage Banking Attorneys for both Rhode Island and Massachusetts, and the Legal League 100, a consortium of default servicing law firms created in collaboration with DS News Magazine and the Five Star Default Servicing Conference and Expo. Our Home Retention and Loss Mitigation attorneys and paralegals enhance our Creditors' Rights group, which provides our creditor clients with litigation, foreclosure, bankruptcy, eviction, REO sales and real estate services.

Foreclosure Calendar

Click here for current foreclosure calendar.