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?
1 Answer from Attorneys
Re: Can I consult and help people out of foreclosure
I answered this in the previous post.