Foreclosure and Short Sales News

Archive for the ‘Consultants’ Category

Foreclosure rates reached 30 year highs in 2006 and 2007. Now well into 2008 foreclosure rates have increased from last year. With foreclosures rates climbing, opportunities will arise for generating an income while helping others. However, as most of us have seen during crisis, many scams evolve and con artists emerge. How is one to separate a legitimate business opportunity from the scams?

In the past three years newspapers have been riddled with articles relating to the arrests, charges and shut downs of many companies claiming to offer foreclosure prevention solutions. In a time of desperation, homeowners are exposed and vulnerable to these sharks that have no other interest than to take their home and take their money. There are companies that claim to provide training, whether full or limited, that neither have the knowledge, nor the experience to provide such training that would give an individual the tools needed to ethically and affordably help homeowners.

Ethical opportunities are out there for both mortgage and real estate professionals, including the entrepreneurs, in which they can truly have an ethical foreclosure prevention business. When looking to involve yourself in the foreclosure arena, it is important to consider the effects your services, whatever they may be, will have on your client in the long run. Be sure to research all foreclosure options and make sure you are well-equipped to provide as many as possible. A client should be able to turn to you for education and guidance.

The most viable and amicable way of avoiding foreclosure is the use of Loss Mitigation services. Loss Mitigation services are the use of a third party negotiator that works for the homeowner and not the lender. This third party will negotiate on behalf of the borrower to find a more financially suitable solution that fits the needs of those homeowners. This will allow them an appropriate time frame in which to catch up on payments that they fell behind on. Not all programs are the same and not all lenders have the same criteria for the qualification to these programs.

A unique way of getting involved in loss Mitigation is finding a company that provides the training, client pre-qualification, plus initial client handling and interviewing. Once this is complete and the company that you have chosen to work with has approved a case, the client will then be handled by the company, who should be the actual loss Mitigation service provider.

However, selecting a company should be done with thorough research. You will want to align yourself with a company whose staff has more than 10 years experience, who has a strong presence and one who is well established. The company should be more than 5 years old. This will ensure that they were around before the foreclosure hike; it also indicates that they are truly providing a real service unlike those that have set up shop overnight.

Why would you want someone else to handle the actual loss Mitigation for you? Loss Mitigation is very rewarding and it is a great service. However, the amount of time involved during the negotiation process without the proper knowledge can prove to be extremely detrimental to a client losing their home. In addition, there is a certain amount of liability involved when someone doing the negotiations or providing the service loses a home.

Keep in mind that sending your clients to a company that is well established and has a great track record will serve you best as you will have more time to help more clients. Many of us do not enjoy paperwork, which can be time consuming. The right company will handle this for you. For someone working on the front end of the deal, you should expect your commissions to range from 20%-40% of a case fee.

In addition, you want to ensure that the sole service of that company is Loss Mitigation. They may have a referral network of professionals that they work with for other services, but not handle these other services in-house. A company that is ethical will want to focus on saving homeowners from foreclosure and keeping them in the homes.

Remember that there are many companies out there, but few that can actually be trusted and relied upon. To learn more about becoming a Certified Loss Mitigation Consultant with the company I chose, you can visit our website and see how you can really earn a good income per month by truly helping homeowners prevent foreclosure.

Jim Hutchinson
Certified Loss Mitigation Consultant
Prevent Foreclosure

Foreclosures have grown at an alarming rate, especially since 2006. In August, 2006, an estimated 115,292 residential properties entered into foreclosure, according to RealtyTrac, an online marketplace for foreclosure statistics.

In October, 2007, the number of homes in foreclosure was reported to have surpassed the 1 million mark. With more Adjustable Rate Mortgages (ARMs) adjusting this year, the number of homes being foreclosed on is spiraling out of control.

Millions of homeowners need foreclosure loss mitigation consultants to help prevent their foreclosures. Foreclosure consultants provide a much needed service to homeowners, banks, and mortgage companies by acting as the middle men & women between the homeowners in pre-foreclosure and the mortgage companies.

Get your FREE information today about becoming a Certified Foreclosure Loss Mitigation Consultant and starting your own home-based consulting business. Becoming a Foreclosure Loss Mitigation Consultant does not require you to have good credit, know how to buy foreclosures, sell property, or have prior experience in real estate.

All you need is a desire to learn how to help people save their biggest asset from foreclosure. Freedom Foreclosure Prevention Services (FFPS) will teach you how to locate home owners facing foreclosure, interview them properly determine if they are qualified for loss mitigation services, and complete the required paperwork. You will also learn why bankruptcy can be the worst possible option to avoid foreclosure.

There are two steps to get your information.
1) The first is to complete a short request form.

2) From there you will be given a choice of a live business overview webinar, or a recording of that webinar.

Attend either one to see how you get involved with the foreclosure industry and start learning how to prevent foreclosure. Do it now while you are still here.

Jim Hutchinson
Certified Loss Mitigation Consultant
Freedom Foreclosure Prevention Services

Whether you are a mortgage, real estate or investing professional or an entrepreneur, foreclosure has been the buzz word of 2007. Many are starting to realize the market has changed directions. Though there are still some hopefuls most are aware that foreclosure rates are rising and will continue to do so over the next few years. Many professionals and entrepreneurs are seeking for an open door into the foreclosure arena. Loss mitigation, the art of negotiating with lenders on behalf of a homeowner to save their home, is the most rewarding emotionally and many are attracted to the business model.

There are several companies out there helping mortgage and real estate professionals as well as stay at home moms learn the ropes of the loss mitigation/foreclosure prevention industry. Though there are several out there, our research has led us back to one company that seems the most attractive to those looking to get started and have a legitimate foreclosure prevention business.

Read the rest of this entry »

Stopping foreclosure is an art, not something that the average person can take on whenever they feel like negotiating with lenders. Bargaining for better rates or lower payments is not negotiating. That is bargaining, like you do at yard sales or the thrift shop.

Professional negotiators go beyond pricing, interest rates and payment terms. They work hard for their clients to get them the best arrangements that can be obtained. Those arrangements may include anything dealing with contracts, whether they are land contracts, short sales, deed in lieu, or foreclosure prevention to stop a sheriff sale. Any other contracts such as business dealings are not the scope of this article.

How do you know when you have become successful as a leader in the foreclosure prevention industry or any other business? Look around you. Do a search for the primary keywords that define your business and mainly, your company name. See who is using your keywords or parts of your name to benefit themselves. Using part of a company name is a dirty game to dilute the benefits of having that name and the impact the name has in its industry. Read the rest of this entry »

When searching for a loss mitigation company to stop foreclosure on your home, there are certain things you should be aware of. Many new foreclosure prevention companies claim to stop your foreclosure, but have other ideas in mind for your home.

Compare the list below with all of the foreclosure prevention companies you are considering and make sure they live up to your standards. Be careful what you ask for though! You might just get it. Read the rest of this entry »