Situs Investments LLC (SI) is a Pennsylvania based private lender who specializes in residential second mortgage lending throughout the country.
As a privately held company we’re well suited and proficient at helping homeowners resolve their second mortgage problems. We work with our borrowers to develop a strategy that enables them to keep their home. The loans SI owns were originated by another lender where the borrower is in default and may have not paid on the loan for several years. The borrower’s delinquency may have occurred for a number of reasons. Perhaps a loss of income, health issues, divorce or some other unexpected financial burden that threw them off track making it difficult to sustain their mortgage payment. Whatever the occurrence, the hard working homeowners we speak with always have a similar story of the difficulties they faced when attempting to communicate with their corporate bank lenders. SI is easy to work with. We’re not a large, complex lender. Our borrowers give us compliments on our service and loan workout creativity. Within one week of a borrower’s initial contact and cooperation we're typically capable of having a new, often discounted payment plan in place.
SI has a variety of creative options and flexible programs that allow us to better work with the homeowner ensuring that their new payment schedule fits their financial situation while allowing them to get back on track by paying down their home mortgage debt and getting their family on a path to financial security.
The good news is that the economy is improving. The unemployment rate is decreasing while property values are increasing in many areas of the country for the first time since the start of the great recession.
Our focus when we're first contacted by our borrowers is to develop a level of communication to find out where they stand today as far as their financial situation. We then counsel them about the best options at their disposal to perhaps get relief, stay in their home, minimize impact to their credit score and ultimately avoid losing their home through foreclosure.
In the rare case of a borrower unable to restructure their loan we offer assistance in the sale of their home to unburden them from anymore mortgage payments. By utilizing this website, homeowners can also connect with a fast track housing specialist, learn the latest news about loan solutions, find out how to apply for a loan relief, as well as find answers to frequently asked questions, and much more.