When should a Loss Mitigation file be submitted to ZOOM!?

Answer:

The day the home is listed. It doesn't matter if you have an offer on the property or not. This allows ZOOM! to go into action. Once the initial file and the $500.00 service and processing fee is received ZOOM! will:

1. Order title on your clients behalf from their preferred service provider and forwarded to the listing agent as soon it becomes available.

2. Order loan pay-off(s) to determine the actual amount(s) encumbered.

3. Order a Forensic loan Audit and legal document review services with the legal department and will be processed while waiting for an offer on the property.

4. The lender and/or servicing companies will be notified immediately that the home is listed for sale and is in a short sale situation. This may include the postponement of a pending sale.

5. Notify the listing agent should the property be deemed a possible imminent foreclosure or toxic listing.

These 5 steps are crucial in expediting your short sale to "Approval". Once you receive and offer, option, or letter of intent to purchase the property, please forward it to ZOOM! processing as promptly as possible.

Please call 1-800-480-1917 or e-mail ZOOMLossMitigation@gmail.com with any additional questions.

www.ZOOMLossMitigation.com