I Am Looking To Find Out Ow To Get A Job In Lost Mitigation

does anyone know who or how to get a job in lost miti? I am real estate agent, have been tring to close short sales with very little success. The lost mit depts seem to be horrible understaffed and unwilling to return calls, faxes or emails. Seems like they may need some hardworks like myself.

Comments(12)

  • tbird568th March, 2008

    Learning a little basic spelling, punctuation, and sentence structure would go a long ways.

    This is not being flip, just ask yourself if you would hire anyone in a paperwork position with your skills?

  • bargain768th March, 2008

    What does that say about the state of our educational system?

    By the way, is the field you are inquiring about LOSS MITIGATION?
    [addsig]

  • cjmazur9th March, 2008

    ironically, "lost mit" might be more accurate... Most loss mitigaters I have talked to seemed lost.

    http://www.Monster.com, has 256 "loss mitigation" positions listed.
    [ Edited by cjmazur on Date 03/09/2008 ]

  • gainesvilleJ21st March, 2008

    i think loss mitigation people hate their jobs

  • charlotteinvestor23rd March, 2008

    if i was a loss mitigator, i think i would hate my job, watching people make tons of money doing the same thing i would be doing all day with rules and a crappy boss.

  • erica_bowen25th March, 2008

    Thank you for your posting CE.

    Yes, I am very serious. I have contacted the American Loss Mitigation Consortium and will soon embark into their educational program.

    In the past 18-24 months the face of real estate has changed drastically. I have encountered hundreds of unfortunate people who have or are about to lose their homes. The current system has failed and these people need help. Short sales do not work.

    So, if you have some insight, I would love to hear from you. If you are only interested in criticizing my grammar...well, thank you for the critique.

  • erica_bowen28th March, 2008

    Chris,

    I appreciate your candor.

    To be honest, I was looking for a way to learn more about how to get around or through lose mitigation for my clients. What the qualifications for a lose mitigator and what are their backgrounds. In my limit experience, they are past call center workers with little or no knowledge of real estate law or code of ethics. And certainly no sense of urgency on the behalf of the buyer or seller.

    This has not been the appropriate forum.

    Again, thank you for your words of encouragement, I will continue to check in. In hopes of an educated response and possibly some information that can better assist my clients.

  • haynesm1st April, 2008

    Shame on you Chris. Letting Nick 1981 off so easy. I thought the fine was 25MIL.

    However, I am sure Jonh is correct in his post. I wonder how the politicians got excluded from the list. I would have made them the first ones to get fined.

  • JohnLocke1st April, 2008

    haynesm,

    Glad to meet you.

    There should be a fine of $25,000 for posters who post there is a $25,000 fine, when they are just posting to get more houses beside their name to look important..

    Yes, I see no connection between what the poster did and the DNC list.

    John $Cash$ Locke
    [addsig]

  • Nick19818th April, 2008

    Thanks for the help guys.

    Much appreciated.

  • palmetto7515th April, 2008

    From the realtor standpoint I asked this question and was told:

    As long as you have a bonified buyer that is interested in buying the property (and the "buyer" can be YOU) you can cold call the public even if they are on the DNC Registry and ask to buy their property. However, you cannot offer fee based services such as a listing of real estate.

  • TheShortSalePro15th April, 2008

    If you want to try for a short sale, then list your home with a licensed real estate broker and make formal application to your mortgagee(s). If the investor wants to make an offer, great. Your mortgagee(s) will determine if the offer is close to fair market value, and if it will be accepted. generally, investors want to pay too little, and the mortgagees want too much.

    You may find a well informed, patient, and qualified retail buyer (one who will buy and occupy the property) will be your best buyer.

    The advice the mortgage broker gave you seems good.

Add Comment

Login To Comment