Friday, December 10, 2010

Funding Companies Buying deals from other Funding Companies; It's a common practice today.

I'm sure you've encountered situations where a client of yours funds with"XYZ Funding Company" and the next thing you know you receive a notice about the funding from ABC Funding Company. You and your client are scratching your heads, and saying who the heck is ABC Funding Company ?
More often than not the first funder simply sold your deal to company #2. Totally proper, totally above board. Your deal will remain exactly the same except you will pay ABC Funding when the case settles.
If this happens; don't panic. Just get proof that this happened and confirm the terms of your deal haven't changed for the worse.

THIS HAS BEEN A PUBLIC SERVICE ANNOUNCEMENT.[Lol]. Good luck!

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