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Real Estate & Property Law

: The Home Equity Theft Reporter

Upfront Fees For Loan Modifications In California Prohibited Once Notice Of Default Is Recorded On Home In Foreclosure

By r morris

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Contrary to what some loan modification firms doing business with California homeowners may believe, a Consumer Alert appearing on the California Department of Real Estate ("DRE") website makes clear that charging upfront fees from California homeowners for providing loan modification services is prohibited once a Notice of Default has been recorded against an owner's home by his/her mortgage

Full post as published by The Home Equity Theft Reporter on January 26, 2009 (boomark / email).

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