Comments on: Thoughts on the Foreclosure Bailout http://lanebailey.com/2007/12/10/thoughts-on-the-foreclosure-bailout/ Caution: Entering an epinion zone! Thu, 20 Nov 2008 16:10:17 +0000 http://wordpress.org/?v=2.6.3 By: Lane Bailey http://lanebailey.com/2007/12/10/thoughts-on-the-foreclosure-bailout/#comment-35 Lane Bailey Thu, 13 Dec 2007 16:23:23 +0000 http://lanebailey.com/2007/12/10/thoughts-on-the-foreclosure-bailout/#comment-35 I think you might consider talking to an attorney. Take your contract with you. I see the Bulk REOs as properties, not financial instruments. But, depending on how the deal is structured, you might not be a sales agent, or the payment might not be a commission, but rather a finder's fee... a lot depends on the contract you have with your broker. Good luck. Let me know how it goes. I think you might consider talking to an attorney. Take your contract with you. I see the Bulk REOs as properties, not financial instruments. But, depending on how the deal is structured, you might not be a sales agent, or the payment might not be a commission, but rather a finder’s fee… a lot depends on the contract you have with your broker.

Good luck. Let me know how it goes.

]]> By: Lisa http://lanebailey.com/2007/12/10/thoughts-on-the-foreclosure-bailout/#comment-34 Lisa Wed, 12 Dec 2007 03:19:05 +0000 http://lanebailey.com/2007/12/10/thoughts-on-the-foreclosure-bailout/#comment-34 Lane, I saw a great article you wrote on "Real Estate Investing 301 - Advanced Strategies". I am a licensed realtor in Illinois. I just happened to fall into an opportunity to assist a Trader who is looking for bulk REO's for a client. I found a match! Yea for me. Anyway, I've had many opinions on this subject from friends and associates regarding accepting payment. I figured since you are a wealth of knowlege, you could give me your two cents. Bulk REO's are technically a commodity or financial instrument. Should I accept payment to myself or my own company or should I accept payment under my brokerage? Every business owner I've talked to said it should be to me. For some reason I'm conflicted. I just want to do the right thing. Can you weigh in? Lane,

I saw a great article you wrote on “Real Estate Investing 301 - Advanced Strategies”. I am a licensed realtor in Illinois. I just happened to fall into an opportunity to assist a Trader who is looking for bulk REO’s for a client. I found a match! Yea for me. Anyway, I’ve had many opinions on this subject from friends and associates regarding accepting payment. I figured since you are a wealth of knowlege, you could give me your two cents. Bulk REO’s are technically a commodity or financial instrument. Should I accept payment to myself or my own company or should I accept payment under my brokerage? Every business owner I’ve talked to said it should be to me. For some reason I’m conflicted. I just want to do the right thing. Can you weigh in?

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