Foreclosure consultant


Foreclosure consultant

Foreclosure consultant means any person who makes any solicitation, representation, or offer to any owner to perform for compensation or who, for compensation, performs any service which the person in any manner represents will in any manner do any of the following:

(1) Stop or postpone the foreclosure sale.(2) Obtain any forbearance from any beneficiary or mortgagee.(3) Assist the owner to exercise the right of reinstatement.(4) Obtain any extension of the period within which the owner mayreinstate his or her obligation.(5) Obtain any waiver of an acceleration clause contained in anypromissory note or contract secured by a deed of trust or mortgage ona residence in foreclosure or contained in any such deed of trust ormortgage.(6) Assist the owner to obtain a loan or advance of funds.(7) Avoid or ameliorate the impairment of the owner's creditresulting from the recording of a notice of default or the conduct ofa foreclosure sale.(8) Save the owner's residence from foreclosure.

ee also

*Deed in lieu of foreclosure


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