Top Short Sale Negotiator

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Services for Real Estate Pros - Summit Mitigation Services
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RECENT BLOG POSTS
Everyone remembers this story, "The Emperor’s New Clothes", where an Emperor is sold a new outfit made of the finest “invisible” cloth.  Everyone in the parade is celebrating and can’t believe how incredible his new outfit looks...that is until a small boy in the crowd yells out “The Emperor is n...
03/13/2013
The Federal Housing Finance Agency (FHFA) Announced today their official stance on new short sale Guidelines for Fannie Mae and Freddie Mac.  While there is still speculation as to what all of this means and how it will play out most of it on the surface looks promising. We will be doing several ...
08/21/2012
As many of you know FHFA has been given the responsibility to oversee the GFE giants Fannie Mae and Freddie Mac.  In a slew of recent changes from FHFA, Acting Director Edward J DeMarco announced on 21 July changes to short sale policies for military homeowners.  Read full press release here. Mil...
07/25/2012
Are Short Sale incentive program qualifications and amounts paid out to sellers negotiable? Read on.... In many states banks will incentivize sellers with cash to enter the short sale process has been common for the past year.  In other areas its less common, as sellers don't "qualify".   And wor...
07/07/2012
If you haven't been watching the news this week then you don't know that the greatest tragedy in Colorado Springs history has happened.  Saturday 23 June, 2012 a small fire broke out in the foothills west of Colorado Springs.  With 100+ degree weather and 65 mph winds today on 27 June the fire ha...
06/27/2012
Negotiating short sales feels like a game of poker sometimes, a game that Lady Gaga's Poker Face couldn't even help.   But the game I am talking about is more like a red hot poker. ...a short sale lenders ability to sell Mortgage Servicing Rights (MSRs) after a short sale approval letter has been...
06/12/2012
Bank of America "BANA" is changing their new TPA forms, adding a space for an authorized third party that is not an agent or a lawyer.  A Designated Representative's "Support Staff".  See the new doc here. Many in the short sale industry wanted to beat their heads against the table when BoA came ...
05/24/2012
Yes.  Sometimes you can make a near miracle happen and have it all fall right back in your lap.  One or our negotiators, Lisa, at SMS made the impossible happen...a short sale approval on a virgin short sale in 19 days.  This was on a house that had both a first (Citi) and second lien (local cred...
05/18/2012
We all know short sale lenders are trying to minimize their losses, as would any responsible for profit company or organization in the US in this economy.  But could you lose that money today, write if off years later to make your numbers look better to your stockholders today?  Are short sale le...
05/15/2012
Thinking about the significance of this past few weeks has made me reflect on my time in the Military and at the US Air Force Academy (USAFA), as well as where I was and what I was doing 10 years ago.  As I am sure every American is doing during this september 11th timeframe. My wife and I were a...
09/11/2011
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