Can I Register My Car If I Am Financing It Becoming a Foreclosure Consultant

You are searching about Can I Register My Car If I Am Financing It, today we will share with you article about Can I Register My Car If I Am Financing It was compiled and edited by our team from many sources on the internet. Hope this article on the topic Can I Register My Car If I Am Financing It is useful to you.

Becoming a Foreclosure Consultant

A foreclosure consultant is a professional that offers to help you resolve you foreclosure problems. They can do this in several ways, which include:

• Postponing or stopping the foreclosure sale

• Getting the homeowner a forbearance, which is when the foreclosure consultant gets the homeowners mortgage payments postponed for a short period of time or getting the payments lowered

• Getting the homeowner an extension of time to reinstate their mortgage, which involves giving them time to pay off past due amounts and bring their mortgage current.

• Getting a waiver of an acceleration clause in their mortgage. This clause is what gives the bank the right to demand in full the immediate payment right after the homeowner defaults on the mortgage

• Helps the homeowner get an advance of funds or a loan to help pay on the mortgage

• Helps the homeowner avoid seriously hurting their credit rating,

To become a foreclosure consultant you have to become an attorney or apply for a government license. The professional requirements vary but generally the government will require that they register with the attorney general or a department of justice after they have fulfilled the training requirements. There are two types possible license. If you want to become a foreclosure specialist for an established agency you would have to have an associate’s license, also known as an agent’s license. If you want to be self-employed and have your own foreclosure consultancy business you would need an independent license.

The application process to get your license to become a foreclosure consultant involves:

• Undergoing pre-licensed training, which is about fifteen to twenty-five hours of in-person or online instruction that is specified by the local attorneys general.

• Paying licensing fees

• Becoming bonded

• Submitting a completed application that includes your background information, business details if starting your own foreclosure consultancy business, and any other qualifications like experience in mortgage lending or real estate.

In some cases you may also have to take a licensing exam. Once you receive your license you will need to register with the local government before you can begin practicing as a financial consultant. Generally the licenses expire after twelve months so you will have to complete continuing education and pay a fee to have them renewed. You will also have to submit a financial statement prepared by a certified accountant to the government. The foreclosure consultant will also need to set up a trust account to hold any money that is being transferred between the lenders and homeowners. If you have an independent license you will have to review the actions of any employees or associates each quarter. Those with an independent license must also obtain a bond for their services.

Video about Can I Register My Car If I Am Financing It

You can see more content about Can I Register My Car If I Am Financing It on our youtube channel: Click Here

Question about Can I Register My Car If I Am Financing It

If you have any questions about Can I Register My Car If I Am Financing It, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Can I Register My Car If I Am Financing It was compiled by me and my team from many sources. If you find the article Can I Register My Car If I Am Financing It helpful to you, please support the team Like or Share!

Rate Articles Can I Register My Car If I Am Financing It

Rate: 4-5 stars
Ratings: 6062
Views: 14465214

Search keywords Can I Register My Car If I Am Financing It

Can I Register My Car If I Am Financing It
way Can I Register My Car If I Am Financing It
tutorial Can I Register My Car If I Am Financing It
Can I Register My Car If I Am Financing It free
#Foreclosure #Consultant

Source: https://ezinearticles.com/?Becoming-a-Foreclosure-Consultant&id=9817086

Related Posts

default-image-feature

Can I Register A Financed Car I Do Not Own Are You Prepared to Go Fully VAT Digital?

You are searching about Can I Register A Financed Car I Do Not Own, today we will share with you article about Can I Register A Financed…

default-image-feature

Can I Put Two Cars On One Loan Honda Finance The Cheapest Reliable Used Cars You Can Buy

You are searching about Can I Put Two Cars On One Loan Honda Finance, today we will share with you article about Can I Put Two Cars…

default-image-feature

Can I Pay Nothing And Get A New Car Financed Law of Attraction – 5 Tips How to Get Approved For All Your Money Loans

You are searching about Can I Pay Nothing And Get A New Car Financed, today we will share with you article about Can I Pay Nothing And…

default-image-feature

Can I Pay Half Then Finance Half Of My Pixel Become a Millionaire Overnight Without Doing Anything?

You are searching about Can I Pay Half Then Finance Half Of My Pixel, today we will share with you article about Can I Pay Half Then…

default-image-feature

Can I Pay Auto Matic Financing With A Credit Card How to Make a Payment Arrangement to Stop Wage Garnishment

You are searching about Can I Pay Auto Matic Financing With A Credit Card, today we will share with you article about Can I Pay Auto Matic…

default-image-feature

Can I Pay Affirm Total After Signing Up For Financing Manifesting Abundance: How to PROPERLY Use Affirmations to Attract Wealth With the Law of Attraction

You are searching about Can I Pay Affirm Total After Signing Up For Financing, today we will share with you article about Can I Pay Affirm Total…