California continues to crack down on fraudulent loan modification companies and attorneys. It recently targeted 133 companies based in Orange County.
Tag Archive: Loan Modifications
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 ...
LA Times: A Quick Guide to Loan Modification
With all the people upside down these days, you can't turn on the TV or radio without hearing some firms handling loan modifications. Some of these companies are fly-by-night operations, so do your due diligence, especially if they take an advanced fee. The LA Times has an article about loan ...