116 inquiries | Loan Modifications
(714) 296-7751
Company Rating
AAA
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Complaint Experience
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Membership Information
This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
We have received no complaints against this company.
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Company Info
This company offers real estate services specializing in purchasing, listing, short sales, probates, and more.
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Licensing
California Department of Real Estate
Verified License
License Number: 00482323 Status: Licensed
BCA has no information regarding government actions at this time.
In California a real estate broker license is required to conduct loan modification activities unless exempt under the Foreclosure Consulting Law or an attorney doing loan modifications within his/her normal practice. Many loan modification companies are attempting to circumvent the licensing law by finding an attorney who will loan their name to give the impression that an attorney or law firm will be handling the modification. In addition any broker who accepts an advance fee for a loan modification must have obtained a no-objection letter from the DRE prior to doing so. A list is published on the DRE website of the companies who have already obtained this approval from the Department. Keep in mind no foreclosure consultant and no real estate licensee is allowed to collect any advance fees for services as a foreclosure consultant once a Notice of Default has been recorded against your property. California lawyers are exempt from this prohibition. A loan modification contract even one with a licensed real estate broker for their assistance in working out a loan modification or negotiating another resolution of your problem must still state what services will be performed when they will be performed and exactly how much you must pay. If the fees are to be collected in advance the contract must be pre-approved by the Department of Real Estate. Licensed real estate brokers who provide loan modification services without collecting fees in advance are not required to receive the DRE permission so long as their services are fully completed before they are paid by you.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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