Results tagged “bank loss mitigator” from boozwatt.com
Our Bradenton, Florida real estate market has seen a rise in
foreclosures and short sales. A short sale occurs when a lender is
willing to accept less than the loan balance in order to avoide taking
the home back in foreclosure. Many investors work the pre-foreclosure market and have an interest in buying property by means of a short sale. A
few days ago I sat in on a conference call with a bank Loss Mitigator
who answered questions about SHORT SALES. He has worked 11 years in the
Loss Mitigation Department for a major lender. The call was an
opportunity for a group of investors to ask questions. Here's the
questions and answers:
Continue reading Short Sale - Ten Questions Answered By a Bank Loss Mitigator.
