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Updated over 4 years ago on . Most recent reply

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Tim Criswell
  • Investor
  • Granite City, IL
4
Votes |
14
Posts

Finding a good short sale mitigator for a reasonable fee

Tim Criswell
  • Investor
  • Granite City, IL
Posted

I currently know a mitigator, but the fee he wants is 4 times higher than the one I used 3 or 4 years ago. The one I used then no longer does it. What is a reasonable fee for a mitigator? Having taken a course that covered shorts from A-Z a few years ago, could I/should I just do it myself?

Most Popular Reply

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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Tim Criswell Your short sale specialist doesn’t need to be local. @Brett Goldsmith is very experienced and knowledgeable. 

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Brett Goldsmith
  • Investor
  • Los Angeles, CA
500
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1,293
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Brett Goldsmith
  • Investor
  • Los Angeles, CA
Replied

I sent you  a PM. If you are trying to buy it, no you shouldn't be processing it. Also, if you have no true experience processing a short sale, you are likely doing the transaction a disservice. Different companies charge different amounts. Some do 1% of the gross sales price and have a minimum, other's try to charge multiple points or a large flat fee. It really just depends. 

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14
Posts
4
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Tim Criswell
  • Investor
  • Granite City, IL
4
Votes |
14
Posts
Tim Criswell
  • Investor
  • Granite City, IL
Replied

Thank you Brett. Should I be able to find one online in my area? If so, what keywords would I use in a search? Or would it be better to go to a local REIA and ask around?

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User Stats

23,418
Posts
13,509
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Tim Criswell Your short sale specialist doesn’t need to be local. @Brett Goldsmith is very experienced and knowledgeable. 

User Stats

14
Posts
4
Votes
Tim Criswell
  • Investor
  • Granite City, IL
4
Votes |
14
Posts
Tim Criswell
  • Investor
  • Granite City, IL
Replied

Thank you for that info. Wayne.