loan modification: it is still illegal for anyone to accept payment in advance for loan modifications! - 05/16/14 12:15 AM
In California, it is still illegal for anyone to accept payment in advance for loan modifications: “Senate Bill 94 (SB 94), which took effect Oct. 11, 2009 and prohibits attorneys from charging or collecting legal fees for loan modification services prior to the completion of those services…” 
“California Civil Code, section 2944.7(a)(1) providing that it shall be unlawful for any person who offers to negotiate, arrange or perform a mortgage loan modification or forbearance in exchange for a fee paid by the borrower, to claim, demand, charge, collect or receive any compensation until after the person has fully performed each and … (0 comments)