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Real Estate & Property Law

: The Home Equity Theft Reporter

Virginia Lawmakers Revise Statute Prohibiting Upfront Fees By Loan Modification, Foreclosure Rescue Firms; Bill Awaits Governor's Signature

By r morris

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In Petersburg, Virginia, The Progress-Index reports:The General Assembly has passed a bill tightening the rules for companies that offer to help struggling homeowners. [...] Last year, the Legislature passed a law meant to stop widespread abuses in the foreclosure-rescue industry, including the practice of charging an upfront fee for services. However, because language in the law could be read to

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

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