dre: CA DRE Hopes To Put The Bite on Exploding Short Sale Frad - 06/17/10 12:49 PM
Thank heaven somebody is finally stepping up. We have been deluged with short sale scams in our market since short sales replaced REO's as our primary housing alternative almost a year ago. Many Realtors are also hiring these so-called expert negotiators because they are either too lazy or too incompetent to do it themselves. These can be time consuming transactions but if you promise your customer you are going to do it - then do it. Now your license can be on the line if you hire an unlicensed person to do the job you are being paid to do.
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dre: Cal AG Brown - Kicking Ass & Taking Names in Loan Mod Fraud. - 08/12/09 08:28 AM
Gotta love this. AG Jerry Brown to 386 'mortgage foreclosure consultants' pay up or face the consequences. Including names of all the companies currently not in compliance. SWEET!
Here's the link to see non-compliant companies in your area.
Taking names and kicking ass - love ya Jerry.

News Release August 12, 2009 For Immediate Release Contact: (916) 324-5500  Brown Orders Mortgage Foreclosure Consultants to Post $100,000 Bond or Face Prosecution 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 … (0 comments)

dre: Inland Empire - Mortgage Fraud Help. - 02/12/08 12:33 PM
I just saw this new group and wanted to reach and and tap the members. I'm sure many of you have been victimized or had clients preyed upon by mortgage fraud scams when our market was rolling. In Murrieta we had one outfit - Stonewood Financial - who pulled off over 120 of these scams where they would come in offering 100,000+ over asking price with the overage going to a third party - namely themselves. Over 120 at 100,000 each - you do the math. Another agent, whose company was headquartered in Ontario, pulled off more than 70 of these … (5 comments)