Newbie To Short Sales -- Need Advice
Working in an area in which owners have little equity, are anywhere from 4 to 11 months behind in payments and most homes need repair. In addition, there is a lot of new construction not too far away -- QUESTION: What can I possibly do to get more timely responses from the Loss Mitigation departments of the mortgage holders? Have called, left messages and sent e-mails. Any advice -- visiting the lenders is not an option as they are all out of state. Thank you :-?
Once you have applicable authorizations from the mortgagor(s) to communicate with the mortgagee(s).. a well developed, compelling Proposal will, in the majority of instances, prompt a response.
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thank you -- where can I find a good proposal template to send to the banks??
This is not a boilerplate technique. Each scenario is unique. You should devise your Proposal to emphasize it's strengths... answering the question as to why it would be in the lender's best financial interest to accept your Proposal.
The Proposal should be factual, and provide supportive data.
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