Open Question: Attorneys: Could I lose my realtor license or get into legal trouble for this?
I advertised that I am looking for credit partners where they put up theyre credit & I would pay for & manage the property. I did this on one house & signed a lease option contract with the credit partner & paid him a 3k option fee for the option to control the property. We had a disagreement, I walked away from the partnership & left him the responsibility of dealing with the house. I have a realtor & mortgage broker license…my question is, am I at any legal risk here? could I lose my licenses? This happened just days ago, so the property is not in foreclosure & I doubt it will end up there, he will make payments most likely.
Source: _http

Tags: foreclosure, home equity loan

Open Question: Attorneys: Could I lose my realtor license or get into legal trouble for this?
I advertised that I am looking for credit partners where they put up theyre credit & I would pay for & manage the property. I did this on one house & signed a lease option contract with the credit partner & paid him a 3k option fee for the option to control the property. We had a disagreement, I walked away from the partnership & left him the responsibility of dealing with the house. I have a realtor & mortgage broker license…my question is, am I at any legal risk here? could I lose my licenses? This happened just days ago, so the property is not in foreclosure & I doubt it will end up there, he will make payments most likely.
Source: _http

Open Question: Attorneys: Could I lose my realtor license or get in serious trouble for this?
I advertised that I am looking for credit partners where they put up theyre credit & I would pay for & manage the property. I did this on one house & signed a lease option contract with the credit partner & paid him a 3k option fee for the option to control the property. We had a disagreement, I walked away from the partnership & left him the responsibility of dealing with the house. I have a realtor & mortgage broker license…my question is, am I at any legal risk here? could I lose my licenses? This happened just days ago, so the property is not in foreclosure & I doubt it will end up there, he will make payments most likely.
Source: _http

Open Question: How long does negative credit reporting stay on your credit report. late mortgage payments.?
Late mortgage payments, beginning of foreclosure procedures.
Source: _http

Tags: foreclosure, home equity loan