About Us

The Loss Mitigation Network was created as a resource to help educate and inform borrowers about the options and programs available from their lenders.

Our founders are experienced REO brokers who for years have been working for banks in helping banks sell their foreclosed homes.

Communication and working with borrowers at the local level is the preferred method of dealing with delinquencies. Our success in helping borrowers is based on our highly trained independent third party consultants who have a firm understanding of local real estate market conditions.

To find a local LMC in your city please search for your state on our map.

We welcome your comments and suggestions,

Tim Burrell, Co-Founder        Peter Sajovich, Co-Founder
Tim Burrell	Peter Sajovich
Tim Burrell did his first short sale in 1992 and has done them ever since.He teaches a course approved by the North Carolina Real Estate Commission on Short Sales and has written the definitive short sale book Create A Short Sale, Your Guide Through the Short Sale Maze that is scheduled to be endorsed by CRS. Tim has been an active Realtor for 30 years, starting in California and now selling in North Carolina. He speaks at national conventions on Short Sales and Real Estate Negotiating and he is also the author of the highly recognized book:Create A Great Deal, the Art of Real Estate Negotiating. Tim received his Bachelor of Arts in Psychology from Pomona College in Claremont, California in 1970.He received his Juris Doctor from UCLA Law School. He has more real estate designations than you want to hear about. Tim was a trial lawyer in California until he discovered that his core value of telling the truth made that profession more "interesting". He founded his own real estate sales firm in 1979 in California.	Peter obtained his real estate broker's license in 1972 in California after graduating from California State University in 1971 with a degree in Economics. Peter has had extensive experience in real estate, mortgage lending, secondary mortgage markets and mortgage backed securities. In 1975 Peter joined Freddie Mac as the 17th employee in the Western United Sates. Prior to leaving Freddie Mac to start his own mortgage company he was Senior Underwriter for the Western United States. In 1984 as the CEO of his mortgage company, Peter became well versed with mortgage securitization and issued the first FNMA conventional mortgage backed security in the United States. After moving to Austin, Texas in 1993 Peter began helping his clients in buying and selling real estate. During the technology bust in early 2001 Peter completed his first short sale. Today Peter and his staff handle 60 to 80 short sales per year.