Bankruptcy & Foreclosure

Bankruptcy Services

DEVAL provides an effective and efficient centralized approach to servicing mortgagors who are experiencing bankruptcy.

Our servicing is well supported by our proprietary, scalable, integrated system that is explicitly designed to accommodate the complexities of the mortgage loan bankruptcy process. Our system meets all regulatory requirements, and all NIST 800-53 standards, which is the basis for the Federal Information Security Management Act (FISMA). Using electronic imaging and workflows, total document and case management are achieved in a secure and paperless environment.

Services We Offer

Bankruptcy servicing includes the following:

  • File proofs of claim (POC) or notice of assignments as needed for Chapter 13 and Chapter 7 asset cases
  • Bankruptcy monitoring (e.g., POC acknowledgments, case follow ups, miscellaneous document reviews, correspondence reviews)
  • Timely review of Chapter 13 plan language and raising objections to language that may compromise the debt
  • Timely response to POC objections
  • Customer service related to bankruptcy issues
  • Discharge and dismissal processing

With DEVAL LLC’s uniquely structured approach to administering bankruptcy for loans, we protect the rights of borrowers by ensuring collection activities are stopped in a timely manner. Upon conclusion of the bankruptcy, the borrower is promptly returned to active servicing or collections.


DEVAL is able to provide support to foreclosures of residential loan mortgagors by monitoring foreclosure filings on a loan level and supplying needed information to the investors, lenders and attorneys tracking the progress on a loan level as foreclosures are filed at the state or federal courts.

Foreclosure Monitoring includes:

  • Monitoring of the foreclosure Filing including Complaint, Motions, and Judgments
  • Monitoring of Evictions and Writ of Possessions
  • Reporting on a loan level to investors, lenders and attorneys

Our team will work with the investor and lender’s selected attorney and ensure that loan level information is updated and properly monitored.  Loans will be set up in DEVAL’s loan servicing system and support process is started per state and federal regulations upon investor and lender’s written request. The Foreclosure process is for all sizes and types of Loans per State and Federal Regulations, including difficult private money, multi-investor, subprime.