Real Estate News and Information

Welcome to Real Estate News and Information Sign in | Help

Century 21 Gold

Loan Modification Programs - Be Careful


The California Association of Realtors has shared a fraud warning with us, issued by the Department of Real Estate.  This fraud warning is to alert consumers about loan modification scams and to inform you of what you can do to protect yourselves.  Last July, the DRE had 10 complaints involving loan modification companies; today the department has 750 pending investigations.  In addition, since last October, the DRE has filed more than 200 desist and refrain orders. A list of the companies and persons the DRE has filed an action against can be viewed at http://www.dre.ca.gov/cons_drs.asp.

It is worth noting that not all firms who collect advance fees for loan modification services do so illegally, the DRE said.  In general, only licensed real estate brokers and attorneys operating within the scope of their license may collect advance fees. Real estate brokers must have their advance fee agreement reviewed by the DRE prior to its use to ensure it is compliant with real estate law.

View the complete "Consumer Alert" issued by the Department of Real Estate.

If there's anything we can help you with, please give us a call.  We are here to help you!

Century 21 Gold
2055 Hamner Ave.
Norco, CA  92860
(951) 479-4580
info@C21Gold.net
www.C21Gold.net

 

Comment Notification

Subscribe to this post's comments using RSS

Comments

 

goldcoinsgain said:

Yes .... u gave good information... how DRE  is recollect the money ... i should know some more information.... Thanks for the great reading, we buy <a href="http://www.goldcoinsgain.com/gold-bullion-coins.html">gold</a> bullion in a recession. I will pass this on to our ira clients to read.

October 29, 2009 4:25 AM
 

bryan rolands said:

I’m Bryan Roland by name, i want to use this medium to alert all loan seekers to be very careful because there are scammers everywhere.Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Mr Roy Smith ( A God fearing man) who lend me a loan of $45,000 under 72 working hours without any stress. I explain to the company by mail and all they told me was to cry no more because i will get my loan in their company and also i have made the right choice of contacting them i filled the loan application form and proceeded with all that was requested of me and to my shock I was given the loan, If you are in need of any kind of loan just contact him now via: barclaysloanservice247@yahoo.com, I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders.

Thanks you Barclays Loan service for your help.

February 5, 2016 2:53 PM

Leave a Comment

(required)
(optional)
(required)
Submit

This Blog

Syndication

Archives