Short Sale Attorneys?

Short sale attorneys fall into the same category as unicorns, the Easter Bunny and Santa. They simply don’t exist.  What does exist are attorneys that need to increase their bottomline by helping out short sales.  Afterall, everyone’s knees get a little weak when they hear the word attorney, right?

Don’t get me wrong, attorneys CAN help with short sales, but most likely they simply are qualified (based on experience) to do the short sale.  The real question will be what will they do when their normal business picks back up?  Will they wait on the phone for an hour for a bank or make $450 for getting you to sign a document that says, “If you don’t pay, you don’t stay?”

Loss Mitigation

The loss mitigation department is the department of the bank that negotiates the short sale among other things  Each bank is different but for the most part, the loss mitigation department is separate from the foreclosure department or even the collections department.   These departments aren’t just separate from each other, they are often in different states, or in some cases different countries!

According to our insider sources, the average loss mitigator at a bank  – the person that decides the fate of your short sale in atlanta has the following charactersistics:

• Under 30
• Average pay $8.50 – $14
• Average 300 Files on their desk at time
• Expected to work at least 50 hours a week
• Written or Unwritten Quota of 30 closed files a month

That’s why you need a team that is diligent that works FOR YOU!  Please contact us if you are behind on your payments!