No doubt that banks are pursuing people who have short sold their homes for the deficiency, or the difference between what they owed to the bank and what the house short sold for. I recently attended the Orange County Bar Association Real Estate Section monthly meeting, where broker David Silver-Westrick spoke on short sales. Among…
Tag Archive: advanced fee
Loan Modification Tips: Avoid Becoming a Victim
Many people continue to get ripped off by loan modification companies that take up-front fees and then provide no results. The California Attorney General has some tips on how to avoid becoming a victim to loan modification scams.
Are You a Broker Looking to Take an Advance Fee for Loan Modifications?
If you are a real estate broker in California handling loan modifications and looking to take an advance fee for your services, you must submit your advance fee agreement to the California Department of Real Estate and receive a No Objection Letter. If you do not have a advance fee agreement drafted, you can use…
Beware of Loan Modification Companies
If you have trouble paying your mortgage, you may be considering loan modification. The United States Department of Housing and Urban Development has a section for frequently asked questions, and the California Department of Real Estate has a section to help you in your due diligence. If you think you are ready for loan modification,…