I'm sure it varies pretty considerably, but i was just curious to get a general idea of what people are asking for and what people are paying to get this done.

Thanks

It can range by type of service. Typical is anywhere from 500 to 2000k+ depending on loan size and number of mortgages. I see you are in AZ? If you need assistance with one feel free to email me kyle@novahomeloans.com

It depends on a bunch of variables....

The idea of basing is on loan amounts or 1% of loan amount is a bit antiquated. Its more like any negotiable, non-tangible service. What is your cost? What is the margin you need to maintain? How much can they afford? When you utilize a busines model including these variables, then you come to an acceptable fee.

But, that is all hypothetical In real life terms, I see anywhere from $1,995 to $3k coming my way. But, most are around $2,500. (keep in mind our base fee for processing is $1,200)

Retaining an an attorney is more expensive, the firms that I am affiliated with have a final fee of $3500, but thats soup to nuts.  I will be happy to give out more information and do free consultations as well.  Having a nationwide attorneys network enables me to help anyone, anywhere, but all my business is referral based and I can setup up anyone as a consultant (provided your current place of business allows that).  Training videos and manuals are are in place, full web access to monitor clients status, etc.

Feel free to contact me at any time!

Ethan Brizzi

Brizzi Financial

916-806-4489

ethan@ethanbrizzi.com

So, I talked to my attorney yesterday (CA based) and he talked to the DRE, and they conveyed to him that $2,000 - $3,000 is a sweet spot for what they feel is a acceptable fee.

FYI

Yeah I heard that too, thanks for the heads up.  Problem with the DRE is that they want a piece of the action but cant do it when it comes to attorneys....

Thought DRE currently does not have anything to do with Loan Mods ...

Follow this link for the DRE's broker guidance on loan mods.

http://dre.ca.gov/mlb_adv_fees.html