Services and Consultants
In the United States, the Federal Trade Commission and individual states license and regulate debt negotiators and other consultants who, for a fee, advise borrowers and negotiate loan modifications with creditors on the borrower's behalf. These consultants are required by various laws to disclose to borrowers the risks of renegotiating their mortgages and/or selling their property short. The federal government sanctions and recommends borrowers use Licensed Real Estate Agents, because the bank will pay commissions and closing costs.
Read more about this topic: Short Sale (real Estate)
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