Upside Down Mortgage

Posts Tagged ‘mitigation’

Loss Mitigation Company

Question: How can I meet Real Estate Professional so that I can introduce them to a new income stream?

The services my company offers includes, loss mitigation, hard money lending, property investment opportunities, commercial and residential loans.

Answer: Most realtors will happily listen to any pitch that claims to increase their income, since most realtors make less than $25K per year. Just pick up the phone and start asking for appointments.

You could even call the manager of the office, and ask to make a presentation to lots of their agents at the same time. If you've got a real way to let them make more money, they'll find a time for you.

Latest State Requiring a License to Do Loss Mitigation Work

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Loss Mitigation Network

100,000 jobs have been lost around the world in this year alone. Some are struggling to save a job while others are going through emotional turmoil, financial distress, breaking relationships and staring at a bleak future. The dreaded “Pink Slip” is happening faster than we can imagine. Many will not make it to live a happier life, but some will weather the storm and come out stronger and evolved.

Accept, don’t procrastinate

When recession hits employees get hit harder. Most entrepreneurs are accountable for increasing shareholders wealth and hence social objectives may take a back seat. Businesses globally view; employees are a resource that can be dispensed with in times of crisis. Moving from a platform of disbelief to one of acceptance can help to reconcile with present. This is step one of handling drastic change. Accept as you would at the loss of a near and dear one without any guilt. During a calamity, disaster strikes one and all, few escape unscathed while others are scarred. Reality spares none.

Slide into discomfort zone to move into a new zone of comfort

People resist change because of a perceived discomfort. A baby is reluctant to stand upright for the pain, sacrifice and effort involved. However, due to compulsions and limited options there comes a point when the baby stretches to stand up right. With every successive effort the confidence grows, leading to independence. The key to dealing with fear of failure is placing one small step into zone of discomfort and gradually building your new comfort zone.

Course correction

A seasoned mid-career professional lost his job in a down turn environment. He applied for new opportunities with little or no response. The ones in offer were not commensurate with his experience. Continuous research and net surfing helped him to look at his old interest in the area of training and development. A chance discussion with a friend led to eventual engagement as a consultant mentor commencing the start of a new found career. Be prepared to introspect, and take risks.

Engage for success

Our animal instinct is predatory; hence it is important to have a sense of accomplishment. Engage in activities that drain you out emotionally and physically. Accomplishment, big or small helps to restore the lost pride and hence bedroom games provide the best booster. Waking up to a new morning and looking at a new day is invigorating. Small milestones need to be established for the day so that one can get a sense of achievement even it is apparently trivial. If you like photography shoot pictures. Do what you like.

People alone can help people

Connect with people close to you – friends, relatives, office network, and social network. People help people, and self help is the best help, are two sides of the same coin. Losing a job does not necessarily mean losing an acquaintance. While, normal human tendency is to shun failures, these are unpredictable times and hence some sane mind and kind heart would reach out to help. Like all good salespeople know, business gets closed into an order by asking for it and not assuming it would happen. So reaching out and asking for help is the best option to find a new job, or get a good reference.

Dare to dream

Re cast your dream. You may have taken up a career you did not want, so do some soul searching and dream afresh. This may be the time for you to look at life and career afresh. Introspection may help find answers to the gaps that lie between what you aspired to do, vis-à-vis capabilities needed to succeed. The important thing is to translate that dream into reality and hence setting a goal to make it happen is an essential first step. Capability can be scaled up with little investment and high commitment. Steve Jobs came back to Apple and his wandering mind led to a disruptive innovation like IPOD which is a runaway success in personal entertainment system. Express the compelling, yet unstated and unfulfilled needs of others and soon you have a business proposition.

Like heart beats which appear as a series of spikes in an ECG report, some of us will have ailments and hence the spikes will vary but spikes will be there till the day it becomes a straight line indicating death. Similarly our careers will be subject to waves due to external and internal factors, and hence a set of achievable actions blending short term needs and long term goals can help mitigate our problems.

About the Author:

Siddhartha Bhattacharjee (Sid) is a professional with 26 years of experience in engaging roles and across industries such as manufacturing , services and ICT. Currently he is interested in people development and likes to contribute his thoughts

Source - Fight a Job Loss Successfully in 6 Steps

Foreclosure Freedom Network Show #3 Hope 4 Homeowners

Loss Mitigation Foreclosure

Question: News forecasts, be more specific on borrowers rights on foreclosures. Help us?

Who can we contact for help? Who can we trust with so many scams and identy theft everywhere? Should we get legal help as well as housing counseling? How do we get in contact with the loss mitigation dept. with the lender? Whats our government doing to help/protect us from foreclosures?

Answer: You can also try the Home Owners Preservation Foundation. They are a nonprofit organization that will help you negotiate a forebearance with you lender for free. They are at www.995hope.org.

Also, contact your local HUD office. There are a lot of local programs available.

Two other options you have: Deed in lieu, and reverse mortgages. Deed in lieu is where you basically surrender your deed to the mortgage company without them having to go through the legal battle. It saves them tons of legal costs, and it saves you from having a foreclosure. A reverse mortgage is where you sell you home back to the lender based on how much equity you have in the home. If you have been paying the mortgage on time for a long time, you will have a couple of months or years of time with no mortgage payments to get your finances in repair before the lender owns your home and you have to vacate the premises.

Finally check with local investors. There are always people out there who will buy your house from you for a profit. You can find them in your local newspaper under the real estate classifieds. They normally have ads that say "we buy houses". This may not always be profitable to you. It will remove the problem though, and save you from having a black foreclosure mark on your record for life. A lot of times you can walk away with some cash in your pocket too.

Whatever you do - you have to MOVE FAST and act now. A bank can foreclose in a very short amount of time. Once a house is foreclosed, then you have lost every claim to any money that you have put into that property (although in some states there is a redemption period in which you can still pay off the loan and get the property back).

US HomeSavers Loss Mitigation Foreclosure Prevention