| Author |
Previous Topic | Next Topic |
|
Coronasteve
1495 Posts |
 Posted - 08/08/2008 : 4:53:59 PM
|
Attention all Loss Mit and Loan Modification people. The State of Washington has a relatively new law that puts a big roadblock in your road.
The State admits that the law was "over written" and they are now working on getting it fixed. But for now, be aware:
http://www.atg.wa.gov/pressrelease.aspx?id=19896
|
|
Captain Mortgage
1716 Posts |
Posted - 08/08/2008 : 5:26:35 PM
|
| Great info, thanks for the post Steve. We had a very positive conversation about LoanSafe in my office today. |
|
|
mgraham224
1008 Posts |
Posted - 08/08/2008 : 6:36:46 PM
|
I know I should just bite my lip on this one, because it seems to be such a touchy subject these days, but I'll try to give my two cents as tactfully as possible.
Granted, I've only read the link briefly, but it seems to me, that if the laws contained therein are a "roadblock" of any sort to a loss-mit consultant, then that person is not truly operating in the best interest of the client.
I've consulted with probably a new short sale candidate every day since I wrote my article almost a year ago. That's over 200 people that have gotten advice and a gameplan from me. it's a 10 minute a day endeavor. I've never charged anyone a dime, but I would guess, that since my only intention is to help people, that if I were to respond to the question they all inevitably ask me after 10 minutes have passed without me mentioning fees: "how can I pay you!?!" with anything other than "you don't pay me," then they would be happy to work within whatever framework their state laws allowed to pay me a fair amount, and would fight tooth and nail against state regulators for the right to pay me.
As it sits, it seems like the topic of compensation is far more the agenda of the consultant. Sure there are worse actors out there than loss-mit consultants, but the moral of the story is that this is what should be expected when you decide to operate in a section of the industry that attracts more dirt bags than normal.
If everyone's as honorable as they claim, the money follows the service. The client's will see the genuine concern and will be happy to find a way to compensate anyone that helps them through the worst experience they've had in a while no matter what state laws stand in their way.
(sorry, not trying to soap-box, but a discussion of "state's trying to roadblock loss mit consultants" is at moot point IMHO for the above reasons. Just using personal experience as an example) |
|
|
dkendall1979
10125 Posts |
Posted - 08/08/2008 : 6:50:39 PM
|
You mean someone can get arrested for something in their life and still run a good company? My word! What a paradox!
quote:
Originally posted by Captain Mortgage
Great info, thanks for the post Steve. We had a very positive conversation about LoanSafe in my office today.
|
|
|
Coronasteve
1495 Posts |
Posted - 08/08/2008 : 6:58:51 PM
|
Maybe you should actually read the article. I think you may come out with a different opinion. The State of Washington admits that is was written poorly and they didn't realize the far reaching consequences of the language of the law.
quote:
Originally posted by mgraham224
I know I should just bite my lip on this one, because it seems to be such a touchy subject these days, but I'll try to give my two cents as tactfully as possible.
Granted, I've only read the link briefly, but it seems to me, that if the laws contained therein are a "roadblock" of any sort to a loss-mit consultant, then that person is not truly operating in the best interest of the client.
I've consulted with probably a new short sale candidate every day since I wrote my article almost a year ago. That's over 200 people that have gotten advice and a gameplan from me. it's a 10 minute a day endeavor. I've never charged anyone a dime, but I would guess, that since my only intention is to help people, that if I were to respond to the question they all inevitably ask me after 10 minutes have passed without me mentioning fees: "how can I pay you!?!" with anything other than "you don't pay me," then they would be happy to work within whatever framework their state laws allowed to pay me a fair amount, and would fight tooth and nail against state regulators for the right to pay me.
As it sits, it seems like the topic of compensation is far more the agenda of the consultant. Sure there are worse actors out there than loss-mit consultants, but the moral of the story is that this is what should be expected when you decide to operate in a section of the industry that attracts more dirt bags than normal.
If everyone's as honorable as they claim, the money follows the service. The client's will see the genuine concern and will be happy to find a way to compensate anyone that helps them through the worst experience they've had in a while no matter what state laws stand in their way.
(sorry, not trying to soap-box, but a discussion of "state's trying to roadblock loss mit consultants" is at moot point IMHO for the above reasons. Just using personal experience as an example)
|
|
|
mgraham224
1008 Posts |
Posted - 08/08/2008 : 7:10:03 PM
|
| As I said, I didn't read it in detail |
|
|
dkendall1979
10125 Posts |
Posted - 08/08/2008 : 7:38:31 PM
|
Lazy.
quote:
Originally posted by mgraham224
As I said, I didn't read it in detail
|
|
|
darkstar
18057 Posts |
Posted - 08/08/2008 : 8:24:17 PM
|
| He could have type it on his blackberry in 11.34 secs but he can't read it... |
|
|
mgraham224
1008 Posts |
Posted - 08/09/2008 : 01:46:59 AM
|
both of you are going to hear your phone's ringing later tonight. When you see the caller ID, it will say "mgraham224 / calling from inside the house."
now that's the paradox!
I get no respect I tell ya...
|
|
|
| |
Previous Topic | Next Topic |
|
|
|
Search for: 
