166 inquiries | Loan Modifications Advance Fee | Business Alert
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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Company Info
Money Management Services, Inc. provides loan modification services for an advanced fee.
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Licensing
As of July 1, 2009, any person or company who performs or promises or offers to perform the services of a foreclosure consultant must register with the Attorney General's Office, post a $100,000 bond, obtain a certificate, or go out of business. As of our last verification, on September 2, 2009, this company was not registered to provide foreclosure consulting services. For the most up to date registration information, you can contact the Attorney General's Office, Foreclosure Consultant Registration Program, Consumer Law Section, 300 South Spring Street, Suite 1702, Los Angeles, CA 90013, or visit their website at www.sos.ca.gov/business/sf/.California Law requires generally Foreclosure consultants to be registered with the Department of Justice and bonded, to check for registration visit http://ag.ca.gov/loanmod/search_results.php. Exceptions are licensed law firms (that is, bona fide law firms, not just a firm claiming to have attorneys on staff) and real estate brokers who have registered their agreements with the California Department of Real Estate. You can find a list of those with registered agreements at http://www.dre.ca.gov/mlb_adv_fees_list.htm.
BCA has no information regarding government actions at this time.
This company's principal Michael Wayman currently owns and operates a new loan modification company called Certified Financial Protection Company , LLC (CFPC). The telephone number for this company (Money Management Services) is now the phone number for CFPC. A separate report is available upon request.California Law requires Foreclosure consultants to be registered with the Department of Justice and bonded, to check for registration visit http://ag.ca.gov/loanmod/search_results.php. If they are not, they are subject to criminal prosecution. Homeowners should know that, by law, they have five business days after the date of the transaction to cancel for any reason, with no penalty or obligation. If your contract does not inform you of this, you may cancel it at any time.California law generally prohibits collecting money before completing loan modification. Exceptions are licensed law firms (that is, bona fide law firms, not just a firm claiming to have attorneys on staff) and real estate brokers who have registered their agreements with the California Department of Real Estate. You can find a list of those with registered agreements at http://www.dre.ca.gov/mlb_adv_fees_list.htm.We advise you not to rely solely on registration or licensing to determine the reliability of a loan modification company, though. Despite the law's protections, if you are not dealing with a reputable company, you will find it difficult to enforce your rights. You should investigate the background and worthiness of any company offering to provide you with these services.
Our files show disconnected phone numbers, returned mail or both. The company appears to be out of business. We cannot trace addresses of companies or principals. General information is available upon request which may assist you.
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