Mitigation America Announces its Platform
to Help Americans Regain Financial Traction
From Newswire Today: http://www.newswiretoday.com/news/45150/
NewswireToday - /newswire/ - Baltimore, MD, United
States, 01/16/2009 - Using both established and
novel negotiating tactics, Mitigation America is on
the forefront helping clients negotiate both unsecured
and secured credit. The overall goal is to help Americans
regain control of their finances.
Mitigation America, LLC announces the launch of its
debt solution interface. As a professional debt negotiation
company, Mitigation America will help consumers adequately
negotiate both unsecured and secured debt. Negotiated
debts include, but are not limited to: Mortgages, Credit
Cards, Medical Bills, Installment Loans, Home Equity
Loans, etc.
“With the uncertain financial climate of our national
and global economy, Mortgage, Credit Card and other
creditors are very willing to negotiate the terms of
consumers’ debt” explains Dennis Strzegowski, President
of Mitigation America. “It’s a tough world out there.
Citizens all over this great country of ours are struggling
financially – and for most – by no fault of their own”
he continued.
Over the last decade, the founders of the company generated
strong relationships in arenas such as Mortgage, Credit
Counseling, Debt Settlement, Legal, Real Estate, Bankruptcy,
as well as many others. They have banded these relationships
together in order to offer their clients a brimming
resource of knowledge, experience and advice. As proof
of their success, Mitigation America’s debt settlement
service team typically settles debt to 40 cents on the
dollar or less.
When asked why a distressed consumer should not attempt
negotiations with creditors by him/herself, Dennis responded
“It’s simple really. Our professionals know the ins
and outs of the paperwork, who to contact, when to contact
them, and what button to push when it’s time to act.
They get great results in a time efficient manner. They’re
also fighting for you [the customer]”.
He continues, “The creditors know your mindset. They
[the creditors] know you are coming to them asking for
help. They know what you’ll settle for before you pick
up the phone. The difference is, with us, we know what
they’ll settle for. Attempting debt negotiation on your
own is almost like going to trial without an attorney”.
Although the Debt Settlement industry is rather mature
(Mitigation America’s service team has been successful
in negotiating debt for the last 12 years), Mortgage
Modification is a newer service where professionals
negotiate with mortgage lenders to make the client’s
payments more affordable. With a 98% success rate, Mitigation
America is able to make their clients’ payments less
expensive by a variety of negotiation strategies: eliminating
penalties and late payments, lowering interest rates,
reducing principle loan amounts, and converting Adjustable
Rate Mortgages into Fixed Rate Mortgages.
Mortgage Modification differs from a refinance in that
it does not require credit checks, income requirements
are relaxed, bankruptcy does not disqualify a customer,
investment properties are allowed and, most importantly,
Mortgage Modification is abundantly inexpensive compared
to refinancing.
Mitigation America also employs a novel tactic in its
Mortgage Modification component. They use Forensic Loan
Auditing software to ‘scrub’ the customer’s loan documents,
searching for any inconsistencies with federal and local
lending laws. “The numbers on the flawed loan docs are
staggering. We are seeing over 75% of ARM docs coming
back with violations,” Dennis explains. He continues,
“The sad part is this audit process originated from
the big lenders to evaluate their own compliance with
federal laws like TIL, ECOA and RESPA”. The company
uses the audit findings as leverage in negotiating with
the lender.
While the organization is multifaceted, the goal is
simple: Helping the American people regain financial
traction. Mitigation America, LLC urges consumers who
have become overextended to contact them by phone or
by visiting the website to discuss their options and
which solutions are best suited for their needs.
