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california loan modification

California DRE Looking Into 1,3000 Loan Modification Scams

by Moe Bedard

“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 [...]

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Recession may forge a housing shift in California

by Moe Bedard

After being burned by a negative-amortization loan that left her owing more on her Compton home than it was worth, Bell, 62, has soured on the home-refinancing craze. Never a big spender anyway, she has clamped down even harder — deferring painting and other repairs on her modest three-bedroom home. Sadly, she’s also postponed retirement.

“From [...]

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Brown Orders Mortgage Foreclosure Consultants to Post $100,000 Bond or Face Prosecution

by Moe Bedard

California Attorney General Press Realease | Los Angeles – Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office.
He also ordered more than two dozen companies to justify suspicious loan modification claims made in “slick advertising,” online and [...]

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