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DISTRESSED HOMEOWNERS DEFRAUDED BY ATTORNEYS - EXPOSED IN CALIFORNIA
I have previously written about how attorneys can be great and how they can be bad in the field of helping distressed homeowners. Now the California Bar Association has published the preliminary results of an investigation into those attorneys supposedly offering services to help distressed homeowners in one of the hardest hit states.
Attorneys, especially real estate attorney, but also divorce and family law, criminal and commercial law practitioners have had a few dismal years. Finding a new niche appeared easy to some attorneys, especially with promises of "loan modification experts" telling them to just refer the business their way for a referral fee.
As stated in my previous blog articles, the problem is several fold. For one, attorneys to get this business were paying illegal referral fees to non-attorneys. Another is that they were practicing law in states without a license in that state. And yet another is that they were fronting for loan modification firms but not really doing any work for their "client". And the "client" actually was the loan modification firm and not the distressed homeowner.
In my practice, which includes extensive work on short sales and loan modifications as well as foreclosure defense (whatever that ... more
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