Experience Faster Results With Your Short Sales and Foreclosures Wen You Use a Mortgage Lender Directory

No one wants to pay too much for a property, especially in a declining market. Uncovering that "good deal" can be easier than you think. Decide first what area, or neighborhood, you find appealing to invest in and take it from there. Having a focused target area makes weeding out the unprofitable properties just that more simple.

The key to finding the bargain property is to act upon defaulted property before it reaches the foreclosure state. This is what as known as a short sale. Basically, a short sale is negotiating with the lender, or most times, lenders of record to accept less than what is owed on a particular home as payment in full of their loan. A mortgage lender directory is a necessity.

Once you have identified the real estate you would like to invest in, contacting the lender will be your first step. In order to dialog with the mortgage holder, you will need an authorization form, signed, from the defaulted homeowner in order to speak on their behalf with their lender.

Seek Help, it is as close as Your Lender Directory

The chances of contacting the right person in the exact right department in order to expedite the short sale process is a rare occurrence indeed. Any help you can find that will expedite your transaction should be looked upon as pure gold. If you loose out on that good deal because of a time element, any effort you have expended will be lost as well.

In this current market, lenders and financial institutions are in a constant flux of re-organization. One such institution I spoke to yesterday had just hired over 300 new employees to help handle the increasing demands and shifted call centers from one place to another. How indeed does one keep current with the information you need to close this deal?

Easily Keep Up To Date

A good mortgage lender directory will keep up with these changes, saving you the headache of hours on the phone trying to sort out the mess of loss mitigation departments. A superb service will have daily updates to their data system.

Spending hours and days on the phone just to get the ball rolling will only work against you. Remember that the timeline is moving fast towards foreclosure, and your objective is to stop that from happening and arrange a short sale.

Save Hours

To save time, a lender directory is called for. It is the ideal tool for locating the correct department you need to contact to facilitate your negotiations.

One of the best lender directories available right now is the Lane Guide. With your Lane Guide subscription, you will be able to quickly find the contact information that is required to close your transaction. Once you have the contact information in hand, it's time to submit your short sale package to the lender for approval.

The Best Benefits

Some of the features to look for when considering this type of service are toll free numbers, how often they update the current lender information, how easily the contact information is to retrieve and other included services like free research requests.

More info on your stop foreclosure information search:

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