About Short Sales:

Why do banks short sale?
Banks accept short sales for many reasons, but the main reason is they are an investment company. All they care about is how much money will they will lose or gain. That is what “Loss Mitigators” do . . . They analyze data and negotiate in their banks best interest. If a short sale recaptures more money than repossession will, you will likely have a deal.

The most common reasons banks will agree to a short sale is because:

1. The property is in poor condition
2. The homeowner has long term hardships and cannot afford the payments.
3. New homes in the area are being sold for less or equal to existing homes
4. The area or neighborhood has depreciated in value

The bank's shareholders are concerned when there are too many defaulted loans on their books. Some banks are required to prove a loss each month. Some banks are required to have an amount equal to or up to six times the retail value of each REO on hand.

An REO is a liability, not asset. Too many liabilities will cause any business to go under if not dealt with quickly

How long does it take to negotiate a Short Sale?
The average cycle for a short sale is 3-4 months. However, we have closed short sales in less than 2 months.. It is always very case specific and depends on a variety of circumstances. The times are just to give you an idea.

In which stage of the Foreclosure process will you work a short sale?
On average, the bank takes close to 4 months; from the time the homeowner misses the first payment to filing a foreclosure against the borrower. Minnesota is an estate of 6 months redemption period. The timeline, from the moment the homeowner missed the first payment to the moment the bank takes back the house, is in average 10-12 months. Each case is different; we do not work on cases that have 2 months or less left of the redemption period.

How do I explain to the homeowner what is a short sale and how it can help?
There are resources on our investor section that will help you understand our process in a way that you could explain the process to anyone. Our commitment is not only help you, but educate you. If you do not wish to understand and/or explain the process to the homeowner just refer them to us and one of our experienced team members will take care of your client for you.

About our services:

What are your fees to negotiate a short sale for Investors?
We work short sale in different ways for Investors. We offer two plans:
Plan 1: Property Deal Plan: You put the offer where you will be the buyer we negotiate for a small fee, which is more commitment from you than a real value.
Plan 2: Free Mail Checks Plan:  Your send the leads our way; we negotiate, sell the property and send you a referral fee. This is what we call Free checks…you do not do anything and get a nice check

What are your fees to work in a short sale for Distresses Seller?
We do not charge any fees for helping the seller sell the property. We of course are a profit company, however we make money only if we perform; and that money will not come up from the homeowner pockets. For them, we will assume all the risk.

What are your fees to work in a short sale for Realtors?
We usually do not charge fees for negotiating deals for realtors. However, there are a few exceptions. Please call us at 952-884-6111

About Short Sale Mitigation Services:

Who is Short Sale Mitigation Services Inc.?
We are Real Estate Company, solely focused on negotiating successful results! Our primary focus is negotiating debt to minimal amounts in order to facilitate speedy sales of real estate that would otherwise would not be able to be sold. 

How long have you been in business?
We have been in business since 2003. We have developed business relationships with many lenders and we are proud to be part of the Better Business Bureau.

What are the benefits of working a short sale with Short Sale Mitigation Services?
We have been in business for 5 years, and have worked on over 800 short sales. We know what we are doing; we are experts in this field.

Why should I choose SSMS over numerous other negotiation companies out there?
We care for you and the homeowner. We never charge you or the homeowner a single dime. We are so confident in our capabilities; we make the banks pay us! If we do not succeed, you lose nothing. If we feel your offer is not realistic, we will ask how you came up with the offer. If the offer isn’t justifiable, we will coach you on what legitimately works. We are investors as well, we want to see you succeed.

Am I going to be able to check updates in my case? My friend told me that he submit a case once to a company and they never heard back from them
We believe in customer service and communication as the heart of any business. . For specific questions on your case we make every effort to answer your questions.