What are the obligations of a distressed homeowner consultant?
Distressed home consultants must provide homeowners with a written contract listing all services and charges. The new law requires that the contract be written in at least 12-point font in the same language used by the consultant to describe his/her services, as well as in English. Certain disclosures are required. The consultant has what is called a “fiduciary duty” to the homeowner, meaning the consultant must act at all times in the best interests of the homeowner.
