Loan Modification Scams

admin — Thu, 03 Sep 2009 04:55:01 +0000

One thing I hate more than anything is a con artist trying to prey on people who are vulnerable. And one of the biggest con games out there is the “loan modification specialist” scam. It is especially bad here in California. Warning homeowners of these scams has been sort of a personal crusade for me and I have been writing about it for a little while.

http://activerain.com/blogsview/873859/beware-of-loan-modification-scams-

http://www.trulia.com/blog/stevemun/2009/06/beware_of_foreclosure_pr

http://activerain.com/blogsview/1162491/loan-modification-scammers-arrested-and-brought-back-to-san-jose-

http://activerain.com/blogsview/1166125/law-enforcement-finds-loan-modification-boiler-room-

I wanted readers of this blog to also be also aware of these scams and who may be perpetrating them.

Here is the list of people whom the California Department of Real Estate has served Desist and Refrain orders/and or accusations resulting from a loan modification and/or foreclosure rescue transaction. Please read the preamble on the web page for an explanation.

I am just re-posting this list (which is public record) and make no comments or judgments about these individuals or their activities.

Please, if someone says they can get your loan modified to stop the foreclosure process BUT WANTS MONEY UP FRONT, PLEASE DO NOT PAY! The upfront money request is a sure sign this is a scam. The California Department of Real Estate has mandated that “loan modification specialists” registered with them and who may engage in the business CANNOT TAKE MONEY UP FRONT, BEFORE PROVIDING THE SERVICE.

San Jose Short Sale Agent: Silicon Valley Foreclosure Prevention Specialists » desist and refrain orders

Loan Modification Scams