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Foreclosure Consultant

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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