A large competitor of mine in the area is offering this service and the jist of what I am understanding his goal is to negotiate a repayment plan that both the bank and the mortgage holder agree upon (ex: client is 3 months behind with a 750 a month mortgage.

As a hard money lender I had one client that has 3 deal failures on a similar transaction as the buyer had three lenders back out at the last minute.

As a Property Manager, on certain types of rehab projects for clients (outside of "normal" repair and redecorating) we charge either 10% of the contract price, or a straight hourly fee (terms are negotiated at the outset of our property management agreement).

NYCinci,That has nothing to do with the agent being eager, rather it has everything to do with representing his client as he is legally bound to do.

Dave007I just had a client refinance a property that we had listed for a while.

Make phone calls to people that are currently clients.

A lender who has experience with the strict timetables and title customs in the reo industry.I have seen thousands of successful REO transactions, I have also seen some real disasters... lately I have been very lucky to deal with some great agents, clients, and asset managers here in the Carolinas...

And when people like Carlton S. teaches you to screw around with someones negotiated "work" contract, and you do it, that proves that you certainly fall within that description.This type of tactic almost never works to reduce the agents commission, but it can put a strain on the relationship between the agent and their client, potentially ending what could have been a long-term business relationship.Beachbum,YOU CAN MAKE MONEY IN THIS BUSINESS WITHOUT ATTEMPTING TO DO DAMAGE TO THOSE THAT YOU DO BUSINESS WITH.

In som einstances the buyer pays me, in other instances the seller pays me, in few instances both pay me, but we're up front with everything so theres no surprises, and its always negotiable.As far as the proffessionals we have on retainer..there prices vary but our clients our given a discounted rate if they go through our company.

Or assume that you will have fewer clients from the BP community.John Corey