For homeowners facing foreclosures and considering a loan modification, diligence is key.
This month, the State Bar of California launched a number of investigations into misconduct related to loan modifications. Some unscrupulous attorneys have allegedly taken fees, but failed to perform the services they promised.
According the State Bar of California website, about one-quarter - almost 800 cases - of the active investigations in the Office of Chief Trial Counsel (OTC) are related to foreclosure complaints.
The State Bar has even released the names of 16 attorneys under investigation. The list of attorneys currently under investigation is available at http://calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10144&n=96395
Be careful out there - many scam artists and others simply out to make a quick buck without the proper expertise, are affiliating with attorneys in order to collect advanced fees and seem more credible to the public.
Nancy Moeller, CPA, Real Estate Broker
Seven Gables Real Estate
License #01727426
www.TheOCExperts.com
www.ZeroShort.com
Direct: 714 276-7006
Fax: 714 917-2293
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There are scams affecting homeowners here in Mich as well. You're right you have to be on your toes at all times concerning these loan mod companies.