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Foreclosure Negotiators?

Posted by Hector on February 29, 2004 at 9:19 PM

Hello Ward,
First, congratulations on such a great website.
Ward, I have completed my first equity buying deal a few months back. I then realized that there is a lot of heavy competition. Especially from Foreclosure Negotiators who offer to reinstate a loan which is in default. I have to say that they are in a better position since they offer to negotiate with the trustee for a few of about $1500. If owner can't negotiate than they offer to purchase the equity.
Question: Do you know how difficult it is to become a negotiator to represent owners in default? Any licensing required? And who can I speak to get started?
I've already did some representing (for defaulted owner with trustee)during my last equity purchase deal and I have to say that there was nothing to it.

Thanks, Hector


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