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Lobby Biz Ideas topic #2661

Subject: "Foreclosure Consultant Business" Previous topic | Next topic
bickeldmThu Jun-26-08 04:35 AM
 
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"Foreclosure Consultant Business"


          

Using VA loans and Fed grants, I would like to start a foreclosure Consultant business. I'm writing a business plan. Any recommendations or input? Thanks

Dave in Chester Virginia

  

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Replies to this topic
Subject Author Message Date ID
RE: Foreclosure Consultant Business
Jun 27th 2008
1
RE: Foreclosure Consultant Business
Jun 28th 2008
2
RE: Foreclosure Consultant Business
Jul 06th 2008
3

sjd314Fri Jun-27-08 12:30 PM
 
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#1. "RE: Foreclosure Consultant Business"
In response to Reply # 0


          

I am unclear what the business would do... help people stop foreclosures for or help people buy foreclosed homes?

  

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bickeldmSat Jun-28-08 05:50 AM
 
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#2. "RE: Foreclosure Consultant Business"
In response to Reply # 1


          

The foreclosure process has roughly three stages: 
pre-foreclosure, auction and real estate owned (REO). 
It?s during the pre-foreclosure process that a consultant can
help.  At that point, the bank notifies the homeowner that the
debt needs to be paid, and gives a certain amount of time for
this to happen.  If it does not, the bank takes ownership of
the house, and will put it up for sale at an auction.  
If it is not sold during the auction, it is REO or owned by
the lender who will try to re-sell the home.  
Foreclosure homes cost banks money and time, so lenders would
prefer to avoid the process.  Foreclosure consultants who come
in during pre-foreclosure can help the owners figure out other
methods to settle the debt.

  

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SchmooziiSun Jul-06-08 02:03 PM
 
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#3. "RE: Foreclosure Consultant Business"
In response to Reply # 0


          

Sounds interesting. How will you use VA loans in your business?

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Schmoozii (http://www.schmoozii.com) is a Business Networking Community
for Small Businesses and Start-ups

  

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