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Old 10-08-2007, 02:56 PM
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Default anyone around?

Is there anyone around? it seems as though I am constantly posting and nobody is here! I am looking for support / training to get into loss mitigation, and from what I see - the best thing is to hang out here - but frustratingly enough, nobody ever answers me.... Please help I think I can make a big difference in my area
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Old 10-08-2007, 09:28 PM
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Default Loss Mitigation Question

Post away questions and we will answer if you ask a question like, I need loss mitigation training, that is way too vague. Get specific and we will help.
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The posts made by 877YouKeep.com and the information available on this website are for informational purposes only and not giving legal advice, contact your attorney for legal advice. If you need additional foreclosure help contact, Stop Foreclosure - Foreclosure Process - Loan Modification - Foreclosure Loan - Hope for Homeowners - Short Sale
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Old 10-09-2007, 10:38 AM
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I have 8+ years experience in mortgages, and a legal background. I am looking to find out typically the steps in performing loss mitigation. what stage the client is generally in, and what the best stage for me to ultimately help them is, and how I go about doing that. In other threads it talked about there being loss mitigation training / manuals and a link. I am looking for something like that as there has been talk about the fact of these training sessions that are on the internet - not being worth the money. I believe that you stated you were working on a manual in earlier threads and that there would be a link available. I followed your links and arrived at a site for short sales I believe - which I know can be part of loss mitigation - but I am wondering about when they want to re-modify their loan, and keep their house. How I know what is good for them, and what a good deal is. Hopefully I am making sense. I tried asking this over the past week - in various different posts - so - by now - it could be totally frayed
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Old 10-10-2007, 05:03 AM
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Default Liquidation vs Retention

There are 2 major categories in Loss Mitigation Arena:
1. Liquidation
2. Retention

Liquidation is the process of a homeowner relinquishing right to the house via Short Sale or Deed in Lieu or sometimes without a lender knowing, subject to

Retention - Retaining a home via Loan Modification, Repayment Plan, Forbearance, Partial Claim...

Within these 2 divisions are Prime and Sub Prime and we all know the story about sub prime

Prime Loans are some such as Fannie Mae, Freddie Mac, FHA, VA ...
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Loan Modification Help - Loss Mitigation Training Manual - Short Sale Training


The posts made by 877YouKeep.com and the information available on this website are for informational purposes only and not giving legal advice, contact your attorney for legal advice. If you need additional foreclosure help contact, Stop Foreclosure - Foreclosure Process - Loan Modification - Foreclosure Loan - Hope for Homeowners - Short Sale
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