Special Insider Knowledge
There are also no training courses available at this time to specifically teach you foreclosure mediation. Victoria Ring spent over 75 hours researching the information for this eBook in order to provide you with the insider knowledge you need to add foreclosure mediation services to your existing notary or bankruptcy business. Or, you can build an entire business around foreclosure mediation. Besides, as the ebook will explain, some foreclosure mediators earn a fee of $750, $1,000 or even $2,500 or more per mediation they complete.
What is Foreclosure Mediation?
Foreclosure mediation is a process whereby a foreclosure mediator negotiates with the lender to repackage the loan so that the borrower can become current again. Foreclosure mediation will help to save the borrower's credit, keep them in their home and save their equity.
Or, foreclosure mediation can work in reverse also. If the borrower(s) wish to surrender their home, the lender will normally agree to a cash settlement which the borrower normally will use to pay for moving expenses. This is normally handled as a Deed in Lieu of Foreclosure.
By adding foreclosure mediation services to your existing business you can greatly increase your business income.