Are any of you doing loan mods? Do any of you work with a firm that allows you to work as, I guess an affilliate? If so, how much on average do they pay per client? Is is profitable for you? Thanks.
We have worked with a law firm locally that will pay an “advertising” or “marketing” fee of $250 for every client we bring them that signs.
Good to meet you…
I’m in California and the only two types of businesses who can do a loan mod are Attorneys and Brokers and the Brokers must file a bond and be approved by the State Attorney Generals office.
I say this because you should research your state and only affiliate with “Qualifying” businesses… In fact my state posts the names of those business and most interent companies are not on the list…
Ask yourself if you want to be attached to an Attorneys Generals Law Suit…
However with that said most attorneys will pay a 750.00 referral fee… Brokers can not accept money from someone in foreclosure for a loan mod until they are completed with the work they have been hired to do and if the borrowers are not in foreclosure the terms of the agreement must be approved by the DRE…
Note: Why not just buy the house as a short sale?
Happy House Hunting