Short Sale Advocate
September 30th, 2008
I just wanted to give everyone a heads up when dealing with a lien holder when negotiating a short sale. Most of the time we call the lien holder to talk to their Lost Mitigation’s Department and you just get a automated answering service tell you to send communications through fax. It is frustrating and time consuming. Stay on hold with the system and eventually you will get to speak with a person. Have all the property information at your finger tips, tax id number, property address, letter from seller say you can talk on their behalf, outstanding debt, and loan account numbers. When you get to that person ask for an advocate. This is a person that has the job of being the liaison between you and the bank negotiator. This is the person you sent all you contracts to and communication from the buyers agent to the bank. You don’t constantly have to be faxing to negotiate. This saves a lot of time, and makes it easier to solve conflicts.
