LegalStream’s mortgage default recovery service was developed after consultation with lender clients who were experiencing inefficiencies, high costs and unnecessary delays in starting proceedings when loans went into default.
When borrowers go into default, lenders prefer to rehabilitate borrowers and reduce the incidence of mortgagee sales. LegalStream’s successful strategy for dealing with Default Notices significantly increases borrower and lender contact, earlier in the cycle.
By understanding lenders’ objectives, and the mortgage recovery process, LegalStream has developed a service that is efficient, cost effective and consistent across Australia and keeps lenders in control of the process.
The LegalStream model can include:
  • preparation of Default Notices for all jurisdictions
  • service of Default Notices by professional process servers and/or, service by mail
  • service details, property photographs and relevant observations made quickly available online, via MStream, our secure website
  • service attendance expanded into Property/Occupancy reporting, providing valuable information on the status of the property.
To discuss our debt recovery services contact Rosanne Burkhart, Managing Director on 02 9231 0122 or email rburkhart@legalstream.com.au