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.
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