I completely agree with Beach Bum & SNicewarner...no lockbox access for clients, this is a serious offense and violates The Code Of Ethics.

Pay down principle and prepare your plan for future investments.

`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

Thanks for all of your advises, it turns out this agent is in the middle of quitting (or being fired) from the current broker and getting in to another; he has been sitting on doc for over 3 weeks (mostly basic REO disclosures that needed to be signed and return to selling agent) that he didn’t know how to pull them out of Windforms (Realtor Online Contract data base); asked seller’s agent questions about them over and over; lack of REO knowledge (REO Specialist printed on his card) and couldn’t care less for his last few clients…Relayed the facts above (with a little help from the selling agent) in addition to the tangible misled evident to my agent’s boss and got only 18 moths worth HOA fee ($810) credited.Yes, another rookie’s lesson learn; just didn’t think he would be that much out of line for a major issue like such; considering he’s a 72 year old guy with shallow ethic.

Although who cares, I am acting legally and ethically :boring:

Having been a Realtor in good standing let me add my two cents.1) As previously mentioned by Dave very little education requirments.2) I think it is a matter of ethics many people (not just Realtors) are lacking in this area.3) A lack of vision when dealing with investors (multipal deals)4) Instant gradification with a closing.5) A mentality that they will kill a deal rather than drop their comm.

Learn real estate principles that will allow you to notch great deals.

Ethically speaking, you must make the payments on time.

I can't build the graphic in this box because I don't have drawing tools but think of a golden triangle ( no jokes you hippies and other Thailand tourists) The base is ETHICS one side is $$ and the other side is LAW.

If that means licensed, you might want to be sure that doing some of these creative techniques, or for that matter, just plain buying a house below retail value, violates your code of ethics.