Hartford Capital Corporation

 

Financial Acquisitions, Holding and Servicing Division

 

HCC Contact



Foreclosure Alternatives for the Industry

As an owner of non performing Mortgage/Notes you know firsthand that foreclosures are a terribly inefficient method to employ for improving any portfolio.

Time is money and Foreclosures are expensive ...
  • Taking years to complete (especially in today's environment)
  • Every non-paying month that goes by means more lost revenue/interest
  • Unrecoverable legal fees caused by drawn out foreclosure defenses
  • Bankruptcy defenses
  • Risk of Judicially declared uncollectable/unenforceable balances
  • Abandoned property expenses and maintenance
  • Code enforcement issues and fines
  • Nuisance Abatement fines (not cleared by foreclosure)
  • Property owner revenge
  • Property vandalism
  • Property taxes for all the years in foreclosure
  • Internal expenses of processing, monitoring, managing, basically massive lost productive employee time
  • Entire departments set up just to manage non-performing notes

Almost all of the above - fees, expenses and losses - are unrecoverable. Many institutions consider foreclosure an evil necessity convinced it's their only choice when all else has failed. It's not and we're proof.

We have a proven track record that settles the matter with possession and clear title in an average of 60 days. Take a look at the above list and put a cost to each of these based on your experience. If our process takes an average of only 60 days then how much did we just save you in unrecoverable fees and expenses? It's thousands and often tens of thousands!!!

Our process is 98% successful with the balance being referred for a swift and unchallenged foreclosure (method of last resort).

Our fees and how we fit is negotiable and a conversation worth having. Formalities are out the window - let's get the conversation going. You can selectively hand us your worst nightmares one at a time or in groups - We're dynamic in this respect. We can buy the defaulted mortgage notes taking you out of the process altogether or we can step in and accomplish negotiations. We work with all defendants, mortgage interests, judgments including the Federal Government - We clear title!!!

Contact us today to see how fast we can perfect non performing mortgage/note(s) without foreclosure.