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Loss Mitigation Consultants
Question: Does anyone know about becoming a Loss Mitigation Consultant? This is for foreclosures?
I am looking for a job and I came across postings in becoming a Loss Mitigation consultant. Since I’m familiar with the mortgage industry I thought this would be a good area for me. However I have found that a [...]
Loss Mitigation Negotiation
When real estate investors envision what it means to invest in foreclosures, they usually fall into one of two camps. One camp contains investors who primarily focus on the REO process, and they typically purchase REO properties or HUD homes to build their portfolios or generate profits. The REO camp usually requires access [...]
Loss Mitigation Scam
Mortgage Modification 3 – Home Loan & Real Estate Marketing Nov08 – Scams, Fraud & Loss Mitigation
Loss Mitigation Short Sale
Question: Short Sale?
I’m so confused right now, because I’m trying to purchase a short sale. The seller has accepted my contract and now it’s with loss mitigation. My lender doesn’t think it’s valid because we offered 265 and she owes 325. My agent says that the loss is not that big, because [...]
Loss Mitigation Short Sales
Question: Confused about selling a home for less than our mortgage amount?
We owe $35M on a rental property that we purchased for $40M a few years ago. The area in which the property is located has gone down the toilet for the past few years and the home is now worth [...]
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