Chrisley Asset Management Announces New Services to Offer Loss Mitigation to Clients

ATLANTA, Feb. 10 /PRNewswire/ -- Chrisley Asset Management, an industry leader in default management, today announced the integration of short sales and loan modification to clients that will streamline the process for lenders and borrowers while increasing overall efficiency with a low cost and reliable solution. The new loss mitigation services are the first to be deployed through an agreement with a leading industry technology and systems provider.

"We seek to represent all parties, to provide attorneys with pertinent information and our clients with the utmost service while being respectful of all parties. It is our goal to manage each asset as if it affects our own bottom line all while valuing the individual borrower," said Michael Todd Chrisley, owner and founder of Chrisley Asset Management.

Chrisley Asset Management's new services aim to assist lenders with managing their short sale and loan modification processes so that they can focus on their core objectives. The move into loan modification and short sales has been an ever-growing need for lenders and servicers over the last few years, with many clients looking for alternative solutions. In the industry, Chrisley Asset Management is the name to trust with all disposition needs and modifications, and short sales will be an extension of the same level of service already dedicated to REO's.

As REOs continue to be a growing issue, borrowers are looking for new alternatives, with short sales moving to the forefront. According to the Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions in August 2009, 11.8% of all home sales were short sales.  Chrisley Asset Management's new role will be to act as a liaison between the different intermediaries in the transaction.

Chrisley Asset Management's partnership with mortgage market participants Consumer Credit Counseling Service and Hope Now positions them to successfully negotiate on behalf of the loan servicer and the borrower to help sustain ownership and assist the servicer in low-cost, effective default servicing.

"The REO market is very dynamic and the rise in loan workout plans and short sales is no different than much of the expansion we have historically seen," Chrisley said. "Our goal at Chrisley Asset Management is still the same, and that is to offer clients a streamlined approach for dealing with toxic assets.  Our company focus is to be pro-active and we are excited to be entering a new arena where we can foresee a significant difference that benefits borrowers and lenders equally."

About Chrisley Asset Management

Headquartered in Atlanta, Chrisley Asset Management is a full service REO management company dedicated to expediting the loss recovery liquidation of non-performing commercial and residential assets. Chrisley Asset Management was founded in 2000 by Michael Todd Chrisley and provides loan servicing and loss mitigation in addition to REO disposition services. The company has built a strong reputation in the REO industry with cutting-edge technology and an experienced team of professionals. For more information please visit our website at www.chrisleyam.com or call 678-954-8700.

SOURCE Chrisley Asset Management