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Loan Modification

: Mortgage Lender Implode-o-Meter

Upfront Fees on Loan Modifications NOW ILLEGAL in Los Angeles

By Implode-Explode Heavy Industries

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"The Los Angeles City Council has made it illegal for mortgage and real estate brokers to charge an upfront fee when offering to help distressed homeowners obtain loan modifications. This effectively puts the loan modification business for real estate and mortgage brokers out of business. Gone. Bye-bye ..."

Full post as published by Mortgage Lender Implode-o-Meter on April 30, 2009 (boomark / email).

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