Contact Information

Office Phone: 512-686-1891
Office Fax: 512-287-3095

e-mail: aaron@superiorlossmit.com

Owner / President: Aaron Ayotte


Premier Member of NAFPP (www.nafpp.org)

Testimonials

"Aaron is a godsend in this current real estate market. He is one of the hardest working and most dedicated individuals I have worked with in a long time. The best part is he has a sense of morals and values and works with the highest integrity to reach his goals. I can't thank him enough for the work he has done for me and for my Client!" Deb Dahlberg-Rowland, Real Estate Agent, TX

"Thank you so much for everything you did, so we could avoid being foreclosed on. I know you worked really hard to stop this for us." -- Terry I, Homeowner, TX

"You are awesome! You did what other companies told me wasn't possible! (getting a Short Sale approved to stop the foreclosure) Thank you so much!" -- Heather W, Homeowner, TX
Welcome to Superior Loss Mitigation!

This website has been established to enable Real Estate Agents, Brokers, Investors, Homeowners, Attorneys, Mortgage Brokers and Lenders to manage and view their short sale negotiations in real time. Any registered member who has created an account and submitted a short sale request, can access their important status updates through a simple organized system from beginning to end of the short sale process.



Some important facts from Superior Loss Mitigation to be aware of:

Perhaps the most important fact to understand is that in today’s economy short sales are a must to sell properties. Since property values have declined nationwide at such a rapid pace, The National Association of Realtors predicted that in 2009 and 2010 over 60% of all properties sold will be short sales or REO properties. It is unavoidable.  If a house is to be sold in today’s market, there is a very good chance that a short sale will be needed in order to get it closed.
Short sales can require many hours of hard work and organization is imperative in order to get them done.  Please be aware that short sales will typically take approximately 3-6 months to complete depending on which state you are in (see below for typical lender timelines), and that is simply because the majority of lenders are overwhelmed at the moment, some receiving as many as 500 or more short sale packages a day!  In some cases, 2 or 3 weeks may go by without any change in the status of a file.
 

Typical Lender Timelines (for each step in the short sale process)  
Get authorization on file with lender 2 days
Compile short sale documents 7-14 days
Get short sale package on file with lender 3-7 days
Short sale package assigned to negotiator 10-14 days
Get BPO/Appraisal ordered 14-21 days
Schedule BPO/Appraisal with agent 5-10 days
Time for BPO/Appraisal to get to negotiator 21-28 days
Negotiate/obtain approval from negotiator 15-20 days
Total: 77-104 days


Please note that these timelines can vary by lender and that the above timeframes are meant to provide a general timeline, again taking into account that nearly all lenders are overwhelmed with short sales. 

This being said, we understand that you may want to be able to frequently check on the status of your property. Since homeowners, agents, investors, attorneys and mortgage brokers can view the current status of the short sale negotiations in real time, this system will free up more of your time to serve your clients, giving you the time we need to negotiate with the foreclosing lender(s) and less time spent talking on the phone updating everyone else that is involved in the sale of the client’s home. Each registered member of the team (homeowners, agents, attorneys and mortgage brokers) will have limited access only to the information relative to the security level granted upon registration.



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