Agents, brokers get active in loan mods

Real estate licensees serve as negotiators for hire

A growing number of real estate professionals are putting their expertise in dealing with lenders to work in helping troubled borrowers avoid foreclosure by negotiating loan modifications or short sales.

But with regulators on the lookout for shady operators who make false claims about the foreclosure prevention services they provide, it’s important to stay abreast of rules that can vary by state.