Could Loss Mitigation Be The Career For You?

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Foreclosures are currently at an all time high and with the trend looking set to continue it offers an opportunity to get involved at a business level in the real estate market. There are two aspects of the market that you can realistically get involved in. The first option is the Short Sale Market, where a borrower has a mortgage that is worth more than the value of their property and need to sell to cut their losses. This market is mainly for investors and is extremely difficult to enter into unless you have some previous experience in the real estate or mortgage business. The second more appealing business option is Loss Mitigation. This is aimed at helping homeowners save their homes from foreclosure while still being able to stay in the property.

Loss Mitigation is a process where a third party will work with the homeowner and lender and negotiate a more affordable deal than the homeowner would be able to attain on their own. There are a couple of reasons why this service works so well. Firstly the negotiator works only on a professional basis and doesnt let emotion cloud his judgment. He can concentrate wholly on the facts and figures and on that basis alone can...

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