I am currently specialized in loss mitigation and bulk REO's.

the file is put in the legal--not loss mitigation--department where it takes longer to process and, the theory goes, is more prone to acquiesence by the lender.

Disabled people are protected under Civil Rights law, and their Service Animals trained to mitigate their disability have certain rights.ESAs are NOT SAs, and do not have the same access.

Their sole job is to get a "complete" file and forward it on to the next level "negotiator" or "loss mitigator" or whatever.

I just want to know anyone who's from Minnesota is starting a Loss Mitigation Counselor (not a non-profit)?

If you can purchase it with more than one exit strategy (will cash flow as a rental OR will flip) then you can mitigate most of that risk.

The MI company was Radian and they denied the short sale when the lender approved it.Call their loss mitigation department and treat them as you do any other negotiator, explain the situation and send them over your data and comparables to support your offer.What happened on my deal is that the MI company apparently approved it as long as the 1st lien was willing to take more of the loss, I am not sure about the specifics but they came to their own agreement and I was able to get the deal done.The point is be persistent and don't take no for an answer.

You may have to educate the loss mitigator.

What is your success rate at collecting Negotiation Fees, Loss Mitigation Fees, Admin Fees, whatever you call it (please include that as well, if you would) are you having with banks these days?

I am interested in buying a defaulted note from Bank of America in lieu of a short sale, but loss mitigation doesn't know that that is possible.