Although I do not know of this company, I offer cash back as well. This is how it works in Real Estate. A seller pays a certain percentage to their agent to sell the house. Although there is no standard and this percentage or fee is negotiable, it usually ranges from 2-6% of the listed price. For simplicity basis, let's assume that the house is listed at 100k and the comission is 6%. The seller's agent then offers any buyer agents out there 3% if they bring a buyer for this property. So if this place sells, the listing/seller's agent keeps 3k and the buyer's agent (your agent) keeps 3k. Now your agent has to give a percentage of that 3k to his/her broker (boss) based on the agreement that your agent has with his/her broker. You can then negotiate to have your agent give you a piece of the action at this point. If your agent is a broker working for themself, you can get even more money because they don't have to give a portion of the money to their emplying broker. There's even agents and companies out there that will keep the first 1% and give you the rest or just charge 5k of the comission split to represent you and give you the rest of the comission.

I encourage you to get some of that money back, but the thing to watch out for, is to make sure the person representing you actually is looking out for your best interest and is knowledgable and/or resourceful about determing house prices in your area.

If you're in Southern California, I can help you out.

Regards

Ok, so I work for as an independent contractor and out of 78 agents in my office, we're likely to get 78 different mission statements since we're all ICs. Cool, That's the way its suppose to be when your in a business that employs self-employed people.

Here goes my pitch; I help manage the wants, needs and emotions of people when it comes to buying and selling real estate.

Why can't I just say that I'm a realtor?

Is Maryland a non recourse state?
You need to find that out, as they can come after you for the shortfall of the sale if it is a recourse state.
So, yes, if you end up being sued for the shortfall, you can have a lien placed on any property you buy in the future..BUT, it depends on the law in MD where you foreclosed.
Also, you may get a 1099 for the shortfall, and have to claim that on your taxes as income. If you cannot pay it or don't the IRS is really good at putting liens on things, draining bank accounts and all sorts of other goodies!

My sis and bro-in-law have lived in Maine for quite awhile now. They lived in East Stoneham, NH for a bit. I visited a few years back and the area is fantastically gorgeous. I also got all the scoop on the “Massholes” that she said everybody called them-she was selling real estate for awhile.
You could get get really lost and dead on some of those roads up there…
I would love to go back to visit.