Posts tagged as:

loan modification law

California Law Makers Fight to Protect Consumers

by Moe Bedard

Under Assembly Bill 764, which was vetoed in October, violations will be subject to a fine of $20,000 for an individual and $60,000 for a corporation and up to one year in county jail.

The vetoed Homeowner Fraud Prevention Act was approved by California’s Democratic-led Legislature with wide bipartisan support. Nava is chairman of the Assembly [...]

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Loan Modification Scammer Receives 12 Years in Prison

by Moe Bedard

This has to be the longest prison sentence that I have seen for scamming homeowners and scammers really should take notice.
You know the old saying, “If you can’t do the time, don’t do the crime?” For some reason I just do not think that these little creepy mortgage and real estate scammers do not analyse their crimes deep [...]

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Are honest loan modification companies being unfairly targeted?

by Moe Bedard

Earlier this year, legislation was passed creating strict regulations for loan modification companies in Nevada. The hope was that the new rules would weed out the companies which have been scamming homeowners.  
But are the rules penalizing honest companies?     

News 3’s Dan Ball spoke with a loan modification company owner who says he’s been trying to follow [...]

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