The process by which a lender and borrower who is behind on his/her mortgage attempt to negotiate a deal that is mutually agreeable to both parties. Some possible avenues of loss mitigation include: loan modification, forbearance, short sale, and deed-in-lieu of foreclosure. The earlier the borrower pursues loss mitigation the better, since negotiating a workable deal also becomes more and more difficult as time passes and arrears accumulate. Loss mitigation becomes more difficult when the borrower has multiple mortgages. For example, the borrower may be able to negotiate a loan modification for one loan that is sustainable and affordable. However, if the borrower is also in default on a second mortgage, and the lender is not willing to negotiate, this second lender may still initiate a foreclosure case against the borrower.
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Brian Decker, a serial entrepreneur, embarked on his journey in the mortgage industry in 2004 with a Business Finance degree from Biola University. He quickly rose through the ranks, becoming one of the Top 10 Loan Officers in the nation by 2011. Brian's journey continued as he held the leading loan officer position at two publicly traded mortgage firms. In 2019, he took the entrepreneurial plunge with the launch of Modern Lending, his own mortgage bank.
Brian's commitment to a transparent and ethical lending process earned him recognition as one of the Top 10 Influential Mortgage Professionals in the United States. Beyond mortgages, he co-founded SOAR Energy, an AI-powered energy efficiency company, alongside notable figures like Tarek El Moussa and Shelby Elias.
In the cryptocurrency realm, Brian's expertise has attracted over 50,000 eager learners, guiding many to grow their wealth significantly. His personal cryptocurrency account surged from $500,000 to an astounding $7,000,000 in just 18 months under his guidance.
As an astute investor, Brian owns a diverse portfolio spanning apartments, AirBnBs, long-term rentals, and a venture with Ryan Pineda at the renowned Zapotal Discovery Beach Club.
Today, Brian's mission is to inspire and assist others in building generational wealth through his podcast, masterclasses, and speaking engagements. He's a true exemplar of the entrepreneurial spirit, continuously innovating and enriching lives.
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