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If you've heard about the great money you can make collecting foreclosure overages, you haven't been led astray. There are tons of overages, and tons more being created alongside all the foreclosures happening right now. Getting training for foreclosure overages recovery is essential if you're going to work the business - here's why.
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Collecting overages for finder fees is legal. People do it all the time. However, you can't just go about it any way you like. There are state laws in place that seriously limit the fees you can charge - and if you haven't gotten training for foreclosure overages recovery, you risk working funds that fall under those limits without realizing it.
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You never, ever want to operate outside the law when it comes to profiting off of foreclosures. Getting training for foreclosure overages recovery by professionals that know the ins and outs of the business can help you be sure to avoid that.
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Other aspects of the business, such as getting lists, finding owners and knowing what to say to them to get them to work with you, may be counterintuitive to you at first. Any big commission you blow by diving in headfirst without being trained could have covered the cost of training - leaving you kicking yourself twice.
Lastly, you'll need the support of others in the business - and training classes are a great place to network with other people in the business. You'll undoubtedly run into obstacles and situations that confuse you in the process of getting familiar with running an overages business, and being able to consult with experts and even other beginners in the field is invaluable.
Don't blow what could easily become a six-figure career by trying to bypass the necessary first steps (or God forbid, getting sued). Take the time to get educated and learn the laws from experts in the field and start out cautiously. It will pay off in the end.
