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Updated over 5 years ago,

User Stats

14
Posts
3
Votes
Matthew Nelson
3
Votes |
14
Posts

California Foreclosure Consultant Laws for Owner Financing

Matthew Nelson
Posted

Please only California investors or those with specific knowledge of California laws answer:

I have been researching what requirements and laws that exist in California surrounding purchasing homes from owners in "pre-foreclosure." Are there specific licensing requirements for purchasing homes from these individuals? I came across this: https://leginfo.legislature.ca.gov/faces/codes_dis...

I have no law experience, but it sounds to me like there is some kind of Foreclosure Consultant License that you must obtain before engaging directly with any sellers in foreclosure in California. I am not at all planning to facilitates any transactions without an attorney, but when it comes to initially reaching out to these owners via the appropriate "advertising" and communicating with them during negotiations and initial meetings I want to make sure I am not violating any laws.

What licenses would I need to obtain in order to find "pre-foreclosure" deals in California that include both full-cash payments and owner financing? Assuming an attorney would handle the transaction.

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