WHO SHOULD I BECOME
IM WORKING ON A LOSS MITIGATION CASE FOR COUPLE ON LONG ISLAND THEY SAID TWICE DURING MY FIRST INTERVIEW THAT THEY WOULD SELL JUST TO GET A GOOD NIGHTS www.SLEEP.IM A MORTGAGE BROKER BY DAY AND I DO LOSS MITIGATION BY NIGHT FOR A SMALL FEE!! AND TO BE FIRST IN LINE ON THE HOT DEALS.PROBLEM IS THAT I JUST STARTED DOING THE LOSS MID A FEW WEEKS www.AGO.THEY CANT AFFORD THE HOUSE EVEN IF I HAVE THE BANK TO REINSTATE THE LOAN.SO BEFORE I CONTACT THE BANK. SHOULD I LET THEM KNOW THERE SITUATION OR BUY THEM MORE TIME WITH A WORK OUT WITH THE BANK AND WAIT FOR THIS BIRD TO FINISH COOKING??????
If i were you, this Is what I do.
Get them to sign a "Loan Authorization" form. This gives you permission to view the reinstatement figure and payoff balance. Once you have this, do you, have money, or do you have an investor who will go in with you ?
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