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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: forec;losure consultant civil code question Posted by JK on March 30, 2004 at 2:46 PM In Reply to: forec;losure consultant civil code question posted by zachary on March 30, 2004 at 10:41 AM I would suggest that you rather go to law school so you can defend the lawsuits that will be thrown at you as a foreclosure consultant. You are better off structuring it so your buddy pays you a 'finders fee' or something when they refinance. At least in CA - do not take money from the person in foreclosure. : Ward, : : I was told that inorder to collect moeny for services under the foreclosure consultant civil code that you must be a lic. real estate agent. : I read thru the code and did not find that....may be I misread. : the reason I'm asking is that I'm working with a few people in foreclosure to get hard money loans. these are people that are in the beginning of the NOD, have jobs, decent equity and the desire to keep their homes. They'll refinance thru some one esle any ways so I might as well make something on it when they call. : I have a local HML lender that will lend to these people based on equity and income, and wil lpay me 1 to 2 points per loan. : Do i need to be a real estate agent to leagally be a foreclosure consultant?? : : thanks : zachary Follow Ups: forec;losure consultant -- Ward? zachary 1:47 PM, 04/01/04 (1) Read the two applicable code sections.. Ward-CA- 3:33 PM, 04/02/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I would suggest that you rather go to law school so you can defend the lawsuits that will be thrown at you as a foreclosure consultant. : You are better off structuring it so your buddy pays you a 'finders fee' or something when they refinance. : At least in CA - do not take money from the person in foreclosure. : : Ward, : : : : I was told that inorder to collect moeny for services under the foreclosure consultant civil code that you must be a lic. real estate agent. : : I read thru the code and did not find that....may be I misread. : : the reason I'm asking is that I'm working with a few people in foreclosure to get hard money loans. these are people that are in the beginning of the NOD, have jobs, decent equity and the desire to keep their homes. They'll refinance thru some one esle any ways so I might as well make something on it when they call. : : I have a local HML lender that will lend to these people based on equity and income, and wil lpay me 1 to 2 points per loan. : : Do i need to be a real estate agent to leagally be a foreclosure consultant?? : : : : thanks : : zachary 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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