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Short Sale Licensing Update 10-29-09
Posted on 29. Oct, 2009 by ctlms in Short Sale, foreclosure
License # 27332
So the day has finally come. As of 10-28-09 we have finally received our Debt Negotiators License from the CT Dept of Banking. 4 Weeks and 1 day after applying and many, many duplicate and "revised" documents later.
A list of licensed Debt Negotiation Companies can be found at the CT Dept of Banking Website by clicking Here.
The Banking Dept has also finally posted a list of frequently asked questions and their answers at FAQ. Important answers and clarifications that have until now, not been in writing.
Now that this licensing ordeal is finally over, we can get back to work in full swing. Many of you know that we have had to delay taking on any new clients during this process to avoid violating the new law.
Unfortunately the state was not prepared to issue licenses by the Oct 1 deadline when the new law went into affect. But that is all moot now.
Our application was the first in and thus the first approved. As of today, we are the only licensed Debt Negotiation firm in CT.
Check out our Website at www.CTLMS.com for more information about our services.
So look forward to my future email tips and tricks related to short sales and pre-foreclosure in CT.
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As always Visit the Ask The Expert Page to leave your questions or contact me directly if you need immediate assistance at [email protected] or visit www.CTLMS.com
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Bio
Sean Wilder started in the pre-foreclosure business in 2007. Previously he enjoyed successbusiness in the transportation industry, real estate investing and as a licensed Realtor. Sean brought the same determination and work ethic that lead to great success in his previous businesses to Loss Mit Services based in East Windsor, CT. His focus, combined with his drive to succeed, have been essential to his success as one of the area's top short sale negotiators.
Known for finding creative ways to overcome hurdles and never ending persistence; Sean, believes in the power of team. Sean and his team are in the trenches everyday, plowing through challenges and objections while negotiating with various lenders, and finding solutions to difficult problems. It is this daily experience that brings Loss Mit Services consistent success and provides them the knowledge to share.
Sean belongs to a number of industry groups and associations that allow him to collaborate, share, learn, teach and stay updated on the latest changes in the pre-foreclosure industry at the federal, state, local and lender specific levels.
Effective Oct 1, 2009 all debt negotiation companies that offer loan modification, short sale, or foreclosure rescue services needed to be licensed by the CT Dept of Banking. Sean and his company Loss Mit Services were the 1st to be awarded the Debt Negotiation License NMLS # 828273 which can be verified at the CT Dept of Banking Website by Clicking Here. In addition, effective Oct 1, 2011 Debt Negotiators were required to also be licensed Mortgage Loan originators and Sean also has received this license, NMLS# LO-831853.
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