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Posts Tagged ‘ california loan modification scam ’

California loan modification firms still trying to avoid ban on advance fees

11/09/2009
By Carol Hines
California loan modification firms still trying to avoid ban on advance fees

Some companies that advertise help avoiding foreclosure are trying to avoid a ban on advance fees by charging consumers in steps, according to loan brokers and state regulators. That’s illegal, said Tom Pool, a spokesman for the California Department of Real Estate (DRE). The bill, dubbed SB 94, clearly prohibits loan modification companies from...
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