Here in California the SB 94 prohibits anyone… and I mean ANYONE. This includes attorneys or real estate agents from including an attorney or real estate agent) from collecting ANY fees to perform a loan modification or forbearance until the service has been completed. It also prohibits obtaining any security to assure payment and obtaining a power of attorney. So what I am thinking is that these mod. loan companies want to dump their list. Meaning that some of these home owners would need help before they foreclose on their homes due to these fraud companies.
I wonder if I can find these properties and refer them to a loss mitigation expert and get paid a referral fee?
I know a couple of loss mitigation experts already and they are willing to work with me. Are there any opinions on this?
Here in California the SB 94 prohibits anyone… and I mean ANYONE. This includes attorneys or real estate agents from including an attorney or real estate agent) from collecting ANY fees to perform a loan modification or forbearance until the service has been completed. It also prohibits obtaining any security to assure payment and obtaining a power of attorney. So what I am thinking is that these mod. loan companies want to dump their list. Meaning that some of these home owners would need help before they foreclose on their homes due to these fraud companies.
I wonder if I can find these properties and refer them to a loss mitigation expert and get paid a referral fee?
I know a couple of loss mitigation experts already and they are willing to work with me. Are there any opinions on this?
Arnold
My goal is to pick myself up and get on solid ground so that I can overcome any obstacle or FEAR! And that I can Help someone else to do the same http://www.realdealcommunity.com/members/profile/10706