with Barry Owens
Mortgage Bankruptcy Is Now Outpacing Foreclosure
ABOUT THE EPISODE
Years of free loan modifications didn’t solve the default problem, they delayed it. In more of my markets than I’d like, mortgage bankruptcy filings are already ahead of foreclosures, and the servicing shops, law firms, and preservation firms built for the last cycle keep consolidating or disappearing.
Barry Owens has spent his career deciding what happens to a distressed file once the easy path closes, and we get into why mortgage bankruptcy, not foreclosure, is the number to watch right now, and what changes the moment bankruptcy, instead of foreclosure, becomes the file sitting on your desk.
About Our Guest:
Barry Owens is Managing Director of Asset Bridge Solutions, the new force in mortgage resolution built to handle the full lifecycle of a distressed mortgage from default to disposition. Engineered outcomes that work for investors, servicers, and borrowers by providing operational convergence of industry-leading platforms in loss mitigation, asset servicing, and property resolution. Connect further with Barry on LinkedIn.
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For any lender holding defaulted or at-risk loans, the window to recover what’s owed narrows with every missed milestone. Together, First Lien Capital and UCLS now close that gap with one platform to identify, repair, and recover value before it is lost for good.
Lenders and servicers can learn more or request a confidential portfolio review at First Lien Resolutions, the advisory and special servicing arm of First Lien Capital.
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