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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosure consultant vs equity purchaser... Posted by Ward-CA- on October 28, 2003 at 3:08 PM In Reply to: Difference Between... posted by Chris on October 27, 2003 at 10:14 PM : Hello Ward, : Could you explain the difference between an EP (Equity Purcase) inverstor and a Foreclosure Consultant. And how the sellers-in-foreclosure two year right of rescission can effect the two. : Thanks for the help, : Chris =?=?=?=?=?=?=?=?=?=?= Chris, California Civil Code Section 2945, for all practical purposes, makes practicing as a foreclosure consultant, verboten. So, if you don't accept any advance fees for anything you do for a homeowner in foreclosure, you'll avoid being characterized as a foreclosure consultant and escape all of its negative consequences. CCC Section 1695 deals with some of the paperwork requirements dealing with a homeowner in default and the prohibitions against unconscionable profiteering, etc. You might want to go to the Foreclosure Codes link below and read them first hand. Hope this helps. CA Foreclosure Codes Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello Ward, : : Could you explain the difference between an EP (Equity Purcase) inverstor and a Foreclosure Consultant. And how the sellers-in-foreclosure two year right of rescission can effect the two. : : Thanks for the help, : : Chris : =?=?=?=?=?=?=?=?=?=?= : Chris, : California Civil Code Section 2945, for all practical purposes, makes practicing as a foreclosure consultant, verboten. So, if you don't accept any advance fees for anything you do for a homeowner in foreclosure, you'll avoid being characterized as a foreclosure consultant and escape all of its negative consequences. : CCC Section 1695 deals with some of the paperwork requirements dealing with a homeowner in default and the prohibitions against unconscionable profiteering, etc. : You might want to go to the Foreclosure Codes link below and read them first hand. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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