Legal Question in Real Estate Law in California

Can I consult and help people out of foreclosure
I want to do mailings to people who are facing foreclosure and give them options to avoid it.

I don't do mortgages or lend money, but I can refer them to someone who can. I don't take any money for the referral. I'd like to say so in the mailer.

I don't do bankruptcies but I know an attorney I can refer them to. I don't take any money for the referral. I'd like to say so in the mailer.

I want to sit with them, figure out their family budget and what went wrong and work out a forbearance agreement with their lender for them. I know, they can do this themselves, but many won't just as many people prefer to have a mechanic work on their cars rather than do it themselves.

I want to charge $1,000 flat fee, even if it means ultimately sending them to a mortgage broker or attorney.

If someone wants to sell their house to me, I want to be able to buy it legally and ethically. I wouldn't charge a fee for the consulting if they chose to sell to me.

How do I avoid conflict of interest, fiduciary responsibility or the other traps of of this kind of consulting?

Asked on 5/13/08, 12:18 am

Mitchell Roth MW Roth, Professional Law Corporation

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0 attorneys agreed

Re: Can I consult and help people out of foreclosure

I answered this in the previous post.

Answered on 5/15/08, 5:02 pm

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