Former Foreclosure Hunter Turned Loss Mitigation Expert Eric Rice Sheds Light on Distressed Homeowners SAN DIEGO -- Foreclosures have hit an all time high in the United States during the current economic downturn. Many desperate Americans find themselves with no one to turn to for help. In this tough time, Loss Mitigation Expert Eric A. Rice, President of Dyer Beech (www.dyerbeech.com), works night and day to provide homeowners with the tools they need to keep their homes. With foreclosures increasing by over 68% in the past year, loss mitigation services have become a viable alternative to losing one's home. Though these services are accessible to everyone, media focus on negativity leaves foreclosure prevention overlooked. Unfortunately, lenders are only receptive to homeowners once payments have become delinquent. Eric Rice works with homeowners at all stages of the mortgage process to prevent problems before the situation becomes dire. Dyer Beech consists of a variety of handpicked specialists including attorneys, CPAs, financial planners, and guidance counselors. They are passionate about helping people find alternatives to foreclosures. "Mortgage loss mitigation provides solutions to disasters before they occur," stated Rice. "Dyer Beech's negotiations establish permanent positive changes for your loan terms and payment plans." Eric Rice understands the personal and emotional element of foreclosures and wants to share his expertise. "Charlie Kent was going through a rough spot and was overwhelmed with his home mortgage. He was going through a divorce and needed the help badly. We developed a program specifically for Charlie to stay in his home so that his kids didn't have to change school districts. I now make 1/3 of the payments on his home, and I believe I have gained a friend for life," said Rice. 4 Need-to-Know Concepts to Prevent Foreclosure as advised by Eric Rice 1. Loan Modification - designing a plan to continue making payments for the long term as well as short term by having the lender change the rate, duration of payback, payment and type of rate (fixed or adjustable). 2. VA Loan Modification/Refunding - when The VA buys a veteran's debt note from their bank and modifies it for the benefit of the veteran in hardship. 3. Repayment Plan - a structured plan that helps the homeowner catch up on missed payments over a period of time with the goal of becoming current. 4. Special Forbearance - borrower has the right to ask for a break in payments; payment is negotiated for a later date (similar to a student loan). Dyer Beech is a full service loss mitigation firm. Services include: legal consultation from leading loss mitigation attorneys, CPA consultation regarding all possible tax consequences, in-house team working around the clock to keep borrowers in their homes, preferred membership to the best credit repair firm in the country, property tax reduction and professional financial planning.
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