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Entries Tagged ‘Loss Mitigation Department’

Short Sale Approval: Tips For Getting Loss Mitigation To Approve Your Offer

Simon Volkov asked: Short sale approval can be a lengthy and complex process. Obtaining approval for short sales must be processed through the lender’s Loss Mitigation Department. There are many steps involved with a trail of paperwork.When lenders engage in short sale approval transactions they agree to accept a lesser amount than is owed on [...]

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Investing in Short Sales

Rick Sarouk asked: Anyone actively investing in foreclosed and distressed properties has no doubt come across one major problem… Finding deals with equity! Trust us, this is a nationwide problem.There are so many foreclosures out there; unfortunately most of the homeowners owe what their property is worth. We find that most investors walk away from [...]

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Submitting a Complete Short Sale Packet

Terry Wygal asked: If you’re going to be working on a short sale as a real estate investor, a realtor, or even a homeowner, one of the most important things that you need to do is put together a complete short sale packet.  Without a complete short sale packet, your file will not even be [...]

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