Getting Nasty With Loss Mitigation
I wish I could tell you that every short sale will be a joyous experience and that the loss mitigators will return all of your call and faxes in a timely manner. The hard cold truth is many loss mitigators are so overworked they simply can not service all of their loans. There will be times when you have to be aggressive!
Realize this is a negotiation process and the amount of money you earn depends on your ability to negotiate. There will be times when you have to be blunt with a loss mitigator. There will be times when they may be offended even though no offense is intended. There will be times when you have to go over their heads. There will be times when loss mitigators are operating without the full functioning power of their brains and you will have to politely direct them to a mathematical understanding of foreclosures.
The preferred way to negotiate is in a friendly and kind manner. But as the foreclosure date approaches there is often a need to go from the good cop to the bad cop. When you are not getting through to the loss mitigator consider sending a fax like the following:
If this fax does not get the attention of the loss mitigator then it is time to contact the loss mitigator's supervisor. Don't be shy... you're livelihood depends on it.
If you would like to be more aggressive consider using one of the faxes from the system we recommend.