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2nd Lien holder actions can make you **LOSE your LICENSE**

Yes, that is true. I recently read a post by Wendy entitle "Give Us Your Commission or Else!" Sometimes, lien holders may make inappropriate request and you just have to be careful. Your actions can lead to regretful consequences if you are too laxed and act with haste in your decisions.

I submitted my comments on the post and realized that the request made by the 2nd lien holder of the shortsales is inappropriate and can agents in hot water if they are not careful. In this profession, there are certain things we can comply with lenders while there are others we need to be extremely cognizant of. I find the request made by the 2nd lien holder of that shortale case to be hinging on some illegal issues.

Shortsales are challenging and alot of work as it is but when lenders start stepping beyond the boundary of appropriate request, I shiver at the thoughts of how dangerous the consequences can be. I have not encountered such a situation previously but if given the case under this condition, I would not hesitate to reject their request. Bear in mind, 2nd lien holders probably are not licensed and cannot be given kickbacks. So, as you can, this can be a big issue. Don't risk your license on a few thousand dollars. The consequences far outweigh the benefits.

Posted Sunday Sep 27