The Real Estate Encyclopedia
Foreclosure Consultant
Category - Real Estate Glossary - Real Estate Terminology
A person who makes a solicitation, representation, or offer to a homeowner at risk of foreclosure to perform, or who performs, one of a number of specified services that the person represents will help the homeowner. In states where foreclosure consulting is regulated, a Foreclosure Consultant cannot:
  • Buy a pre-foreclosure property.
  • Have an equitable interest in the sale of the property.
  • Induce the homeowner to sign documentation that waives their rights regarding the transfer of ownership of their property.
  • Have "agency" with one investor/investment firm.


References
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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