I own a Loss Mitigation company. We do a very lengthy analysis of a persons ability to afford their home. If they can, we mitigate for them. If they cannot afford the home we recommend a short sale.
We are having difficulty processing them. Anyone have any recommendations? What are other Loss Mitigation companies doing?
Any information most appreciated.
My company was doing a lot of loss mitigation work until about 6 months ago. Our frustration was that most of the people that wanted to save their homes had no cash to pay us.
If you have the loss mitigation process under control you should have no problem doing short sales. It is exactly the same package with the addition of a contractors estimate. The difficulty is in finding the end buyer.
What types of problems are you encountering with the processing of short sales?
Marketingmaster…What types of problems are you having finding end buyers?