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Step 1
Seek out a company that is a good fit for you. There are several companies all over the United States that will allow you to work in an office or from home. Some will find the clients for you, and others will require you to generate your own leads. You can also work for one of the many non-profit organizations in place to help people avoid foreclosure. Some of them are The Hope Now Alliance, NeighborWorks America, Homeownership Preservation Foundation and the Housing Partnership Network.
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Step 2
Start your own independent foreclosure prevention company. Advertise in local newspapers and post pamphlets in public places. Try to establish relationships with realtors, financial advisers and mortgage brokers for leads.
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Step 3
Service your clients by finding out their financial picture first. Find out how many months behind they are, if there is a first and a second mortgage or even a third mortgage. Find out why they are defaulting on their mortgage. Some lenders are lenient in certain cases, such as military deployment, terminal illness, or death of a spouse or child.
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Step 4
Discover whether or not your client can truly afford the property. If they cannot, contact the lender to find out their short sale or deed in lieu procedures. Others can afford the property but are unable to pay the arrears. Contact the lender for their modification or forbearance plan options. In any case, the lender will require you to submit an authorization to speak on the borrower's behalf and financial documents proving their hardship.
