Q:

What are some services provided by Specialized Loan Servicing, LLC?

A:

Quick Answer

Specialized Loan Servicing, or SLS, offers a number of mortgage assistance programs to help individuals who do not want to lose their homes. These services include loan changes, forbearance plans, short pay, short sales and temporary suspension of payments, notes SLS.

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Full Answer

Mortgage forbearance plans refer to agreements where the lender forgoes their right to foreclose, notes Investopedia. These plans are ideal for individuals with short-term financial problems.

Individuals who require mortgage assistance from SLS must provide income verification, tax forms, a letter of hardship, bank statements and other forms if self-employed. SLS provides customers with secure online access to account information and payment options.

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