Steve Vondran "Attorney Steve®
Business, Real Estate, and Intellectual Property
San Francisco,
CA
More about me…
The Law Offices of Steven C. Vondran, P.C.
Address: 620 Newport Center Drive, Suite 1100, Newport Beach, CA, 92660
Fax: (888) 551-2252
Office: (877) 276-5084
WELL FOLKS, WE HAVE BEEN TALKING ON OUR RADIO SHOW FOR SEVERAL WEEKS NOW ABOUT THE SB94 LOAN MODIFICATION LAW. THIS LAW WAS INTRODUCED BY SENATOR CALDERON (BANKING AND FINANCE COMMITTEE) AND WAS DESIGNED TO PREVENT ANYONE (INCLUDING ATTORNEYS AND REAL ESTATE BROKERS) FROM ACCEPTING ANY ADVANCE FEES FROM ANY CALIFORNIA HOMEOWNER FOR LOAN MODIFICATION SERVICES OR LOAN FORBEARANCE SERVICES. WHAT THIS TRANSLATES TO IS THAT ATTORNEYS AND BROKERS CANNOT ACCEPT ANY MONEY IN ADVANCE OF PERFORMING ALL SERVICES THEY CONTRACT FOR (I.E. THEY WILL HAVE A HARD TIME PAYING THEIR OVERHEAD) AND THEREFORE VERY FEW COMPANIES, INCLUDING ATTORNEYS, WILL CONTINUE … (1 comments)
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