In the last few weeks, I have been inundated with Short Sale clients. I was really getting tired of hearing all these lawyer ads about their helping people do Loan Mods. They are charging $2000-3000 upfront and agreeing to credit back some portion of that if they don't succeed. I found out about a neighbor who gave $2500 to a lawyer about 4 months ago and still no answer. The truth is that he will never qualify for a Loan mod because he is in midst of a divorce and will never qualify because he needed his wife's income. He should have been told that upfront, instead of wasting 4 months. Now he has gotten Notice of Default and I don't think the lawyer does Short Sales.
So, I sat down and wrote a letter to about 40 people in my church and friends. I told them that I would be willing to do their loan mods for FREE. I was amazed that I got 4 calls the first day. No, I do not have a lot of flaky friends but some have lost their jobs, two have had hours cut back, one has had their rate incresed, etc, etc, etc.
It has been such a great feeling to help people. I know we will not necessarily be compensated for our work but I have been greatly rewarded by my real estate career. I can afford to give back.
How about you??????/