As many of us agents that try to contact NODs, hoping to help the homeowners out with a Short Sale, but instead often heard them mention bankruptcy, refi, or loan modification. I heard of a few agents that also offer loan modifications to leads that they contact, Which made me researching on what it takes to do loan mods.
I found the requirements to get the certifications are not high but my three biggest concerns are:
1) Does doing loan mods expose you to higher legal issues?
2) What happens if your company does not do loan mods?
3) Does this dillute your time, resources, and focus on real estate?
Have adding the loan modification help you as a real estate agent?
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