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"Foreclosure Consultant"

Posted by Troy C on October 19, 2003 at 12:18 AM

Ward
First of all outstanding website!
I am confused about the laws of what a "Foreclosure Consultant" and an "Equity Purchase" is. It may sound dumb but reading both California laws, it would seem, to do an equity purchase, you would be acting as a Foreclosure Consultant. If so the law states you may not take interest in the property.{2945.4(c)}
Also how much of a discount from market value as well as how much equity should the owner get. I feel this is important to stay out of legal scrutiny.
Thanks Troy


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