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#154762 - 07/11/07 11:02 AM Need to find a Loss Mitigation Dept of a CA bank
MA BROKER Offline
Member

Registered: 03/29/06
Posts: 204
Loc: Massachusetts
The bank name is New Century Mortgage Corp. How do I speak to an individual in their loss mitigation department? I am aware of a property they own that's been foreclosed upon and I need to make an offer on it...they apparently have title on it...so I guess I need a human to speak to, without a hassle.

Thanks much in advance, Ferne

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#154763 - 07/11/07 11:02 AM Re: Need to find a Loss Mitigation Dept of a CA bank [Re: MA BROKER]
MA BROKER Offline
Member

Registered: 03/29/06
Posts: 204
Loc: Massachusetts
I guess I also need to ask if anyone has a phone number for them?
_________________________
I'm a Massachusetts Broker

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#155011 - 07/12/07 04:25 PM Re: Need to find a Loss Mitigation Dept of a CA bank [Re: MA BROKER]
alvin Offline
Veteran Member

Registered: 09/02/04
Posts: 992
Loc: dev
are you buying it as a principal?

you need to get an authorization to release from the owner of the property in order for you to talk to the bank/loss mitigation dept.

you can get the number from the seller's mortgage statements.

then you'd need to submit a short sale package along with your offer.

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#155039 - 07/12/07 06:49 PM Re: Need to find a Loss Mitigation Dept of a CA bank [Re: alvin]
Promise Land Offline
Money Mover
Member

Registered: 03/10/05
Posts: 459
Loc: Irvine, CA
Another option would be to contact your Title rep and ask them to search through the "Lane's Guide". All Title companies have a Lane's Guide which has all the department contacts of every lender/servicer in the nation.
_________________________
Sean Pham
Phamport, Inc.

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