Key Questions to Ask the Loss Mitigator When starting Loss Mitigation

When you're working on a short sale, you should submit the ATR to the bank. The bank then assigns that short sale to a loss mitigator. I have come up with a few key questions to ask the bank before on your initial conversation with the bank.
1. Is there an auction date set?
2. Do you already have an appraisal and what did it come in at?
3. What type of loan is it or who owns the loan ?( FHA, Fannie, Freddie, VA)
4. Is there PMI on the loan and what's the coverage ratio?
5. Who is the boss? Who is the decision maker?

I hope these questions help.
If anyone reading this is behind on payments, please go to www.sellpreforeclosurehouse.com and dowload a free brochure on what options you may have when facing foreclosure.

Emilio Kim
sushimellow@gmail.com

Liars!!!!!

Loss mitigators lie!!!! I was working on a short sale. I had my BPO agent meet the agent doing the BPO for the bank and they got to talking. She flat out told my BPO agent that the BPO was going to come in at $47,500. The loss mitigator keeps telling my loss mitigator that the BPO came in at $57,500. I called the BPO agent to ask her again, and she said $47,500. Be aware!!! Loss mitigators lie about the BPO price!!!!!