Bayview Loan Servicing is a national mortgage servicing company based in Coral Gables, Florida. A mortgage servicing company acts in the interest of the mortgage investor in managing the financial process of a mortgage. “Servicing” a mortgage includes collecting mortgage payments, record keeping, escrow and impound payments as well as managing collection activities.
When borrowers are in default of the terms of their mortgage, Bayview may elect to foreclose on the property and sell it. Bayview makes efforts to work with homeowners who are behind on their mortgage payments to prevent foreclosure. There are options including short sales that a Bayview Loan Counselor can utilize to assist homeowners in preventing foreclosure.
When Bayview Loan Servicing does foreclose on a property, they generally make it available on the open real estate market to interested buyers. Generally, this is done through a real estate listing broker that Bayview Loan Servicing utilizes to represent them. The listing agent lists the property in the local MLS system.
In addition to the local MLS system, Bayview Loan Servicing maintains a public website of all their properties. You can search their inventory of REO homes as well as get additional details about the properties. You can find this website at this link.