How you can stop mortgage loan modification fraud – now
On September 10, 2009, California Attorney General Edmund G. Brown met local citizens and community activists in a town hall meeting organized by La City Councilman Richard Alarcon at Mission College in Sylmar.The objective of the meeting ended up being to discuss mortgage loan modification fraud by people – including someattorneys – along with the general disinclination of banks which have received bail-out money from the us government to change the relation to distressed borrowers’ financial loans.
There’s been an abundance of news regarding Attorney General Brown’s efforts to eliminate loan
modification fraud by defending individuals who victimize home owners in arrears. This author has released anumber of articles both in Examiner.com and also the North Valley Community News counseling debtors to useextreme caution when confronted with mortgage loan modification consultants, and when they are doing, the questions thatshould be requested of those persons. Number 1, though, isn’t to pay for these people and corporations any ufront money unless of course the firm operates with a licensed broker or perhaps an attorney that has filed an agenda of the business practices using the condition of California Department of Property.
Regardless of this, I recieve several emails and telephone calls every week from home owners who, through a mix of lack of knowledge and desperation, caved to the siren calls of mortgage loan modification firms.
Since the public continues to have not become the content about mortgage loan modification fraud, throughout the city hall ending up in Attorney General Brown, I woke up and requested him to complete the next to prevent the fraud NOW:
Once the County Recorder transmits out a Notice of Default (Jerk) to some homeowner that has past due with their mortgage, attached or enclosed using the Jerk ought to be instructions with official letterhead in the Office from the California Condition Attorney General warning home owners about mortgage loan modification ripoffs. The price towards the condition is minimal when it comes to outlay, but with time, it’ll reduce the amount of cases the Attorney General needs to file against mortgage loan modification firms and lawyers which might be downloading copyrighted movies regarding modifying the financial loans of home owners who cannot pay their mortgages.
If you wish to stop mortgage loan modification fraud, please call or write your condition senators and set up people and request these to lobby the Attorney General’s office to put educational information within the Notice of Default mailings in the County Recorder. You’ll be helping other people, your community and possibly even yourself.
For more information:Ca Property Fraud Report