Something that I have wondered since I started doing short sales…
I am sure that each lender is different, but generally how are these negotiators incentivized to sell the loan before foreclosure? Comission, bonuses? Certainly, I have run across negotiators(American Servicing) that seem to be on hourly wages and could not give a damn if home forecloses or not.
Does anybody have some good info on what motivates these guys?