Never mind that we'll need to legally modify several million loans, involving drawing up new documents, collecting signatures, updating systems, etc.Oh and we'll just ignore those stodgy old servicing contracts that our investors try to hold over our heads - I'm sure they'll understand, after all Sheila said it was OK!

They might be less than a licensed agent if agency is legally defined for the sector.It can also be used by people who want to sound like they are a professional.

You also could be taking on very large legal liability while saving pennies.If you are using UK thinking in the US you are more likely to get burned.

Prepaid legal; Waste of money, IMO.I can't recommmend them.all cash

Well I am one of those young, aggressive 20-somethings who got into domestic mortgage market at just the right time to catch this subprime mess. I

The BMs say "we've done it before" I say, “That doesn't make it legal.

I still don't understand the basics of the actual ways of buying and selling when it comes to forms and legal documents.

Whatever legal risks you incur by being the agent are overshadowed by the payback IMHO.

That includes all the expenses: advertising, taxes, insurance, management, maintenance, vacancies, entity maintenance, legal fees, evictions, setout fees, damage done by the tenants (in excess of the deposit), capital expenses (not technically an operating expense), etc, etc, etc.

Is this legal?