Executive Summary To Loss Mitigation
It has been stated several times that some ss investors include an executive summary of their business to the bank.
If so, is this just included in the short sale package? And are there any examples. I have one I can post but it may be way off course.
What if when I send the package to the lender a LM rep is not assigned to the loan?
Daryl
Now that I read your response, what i have is not valid.
Can you assist me with this summary?
SSP,
I have it prepared so I will forward once I have your fax number.
Thanks,
Daryl
Hello all, Is an executive summary required with most deals allong with a proposal? Where could I see a sample of both?
Anybody?
Keep this post going I would like to know how this one works out.. Sounds like a great deal though good luck!
I am also currently speaking with them. Please ffel free to contact me with any information you may have and I will share what I find.
http://www.maine.gov/pfr/securities/adminorders/Trinity_CDO.htm
http://www.scam.com/showthread.php?t=11409
Save your money.
[addsig]
The owner/mortgagor can and certainly should request a workout application. You, as an interested party, can help the homeowner complete the application and facilitate a preforeclosure short sale.
If the difference between making the next mortgage payment is having food on the table or lights on, or not having food or lights, the guy should hang onto his money.
Is he now in a Chapter 13?
They bought the home in 2003, and refinanced the house to the maximum this summer. There must have been a generous appraisal and a less than generous lender willing to take them above and beyond what the home was really worth. The home is located in Goodyear, AZ which has a terrible rental market. The home would probably only rent for around 1200-1400 with a mortgage of 2500. Not good. I hope I can come up with a solution for them soon.
Well, that is really a terrible situation. However, this site is full of wise words, so perhaps someone can offer a solution that we have not thought of. Good luck with everything.