Short Sale, Foreclosure and Strategic Default


Sunday, January 4, 2009

California Foreclosure Consultant law and Loan Modification

Warning to those who have working on california loan modifications for others.

The following link will take you to the California Foreclosure consultant act.
Everyone charging California real estate owners money to negotiate loan modification should be aware of this law. It restricts the actions of non attorneys.

California Real Estate Law: "California Foreclosure Consultant law
People doing loan modifications need to be familiar with this law.

Note: Even if you have a retainer agreement approved by the California Department of Real Estate, a non lawyer is not allowed to take money up front from a homeowner after a Notice of Default is filed.

SECTION 2945-2945.11"

1 comment:

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