“These people were taking advantage of people at the end of their ropes,” said Davi, speaking at the O.C. Coastal Chapter of the Women’s Council of Realtors. “And they are so prevalent.”
Many scam artists see the issuance of a desist-and-refrain order as a cost of doing business, Davi said. Often, they’re able to reopen under a different business.
But the orders serve as the basis for referrals for prosecution to local district attorneys or the state attorney general.
Noting that high rates of foreclosure are expected to continue, he added, “We’ve got a couple more years of this, a couple more year of people (being victimized).”
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For this reason it is advised to receive help from a loan modification lawyer who has all the credentials to manage all the modification procedure.