A new loss mitigation assistance company aimed at helping homeowners prevent foreclosures has been formed in Coeur d'Alene, Idaho. The new company, Apply 2 Save.com, said it offers homeowners information on foreclosure laws around the country as well as on how the company can help them get the best workout plan for their situation. Loss mitigation specialists can help homeowners keep their properties by negotiating with their lenders to accept workout plans ranging from "accepting a simple repayment plan, to modifying payment terms, to performing what is called a 'short sale'," the company said. Apply 2 Save.com can be found on the Web at http://www.apply2save.com.
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The lender, which has fought the nonpayment accusations since 2020, will give over $3.8 million to over 200 past and current employees involved in the case.
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