A Foreclosure Consultant surety bond is a license and permit surety bond required by government agencies to receive a license with that jurisdiction for providing foreclosure consulting services to its citizens. Foreclosure Consultants are persons (individuals and companies) who conduct loan modification, foreclosure, bankruptcy, debt or budget counseling services to homeowners of distressed mortgaged properties. Because fees are collected for these services the bond guarantees that the services will be provided for the fees rendered and that the foreclosure consultant will obey all applicable laws regulating their license.
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