Structuring Bailout opportunities for folks in pre-foreclosure

[Jason Roberts]

Anybody working with folks and pre-foreclosure trying to help them keep their house? I know the Lending laws are extremely tricky so eager to hear if anybody is getting creative to help folks. We probably get 30 of these a month and are exploring different options to help. Eager to hear what other experience has been.

[Chris Seveney]

If you own the loan you can get a lot more creative (ie note investing) - if you do not own the loan, then I would always recommend that everyone be very cautious, because you may think you are attempting to help somebody, but if things go sideways, they could turn around and sue you. In many states, it can get you in a lot of hot water. In some states, it is actually unlawful to even reach out or discuss resolutions with borrowers unless you are a certified loan consultant.