102 inquiries | Foreclosure Consultants
(626) 408-3800
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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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BCA's Summary and Analysis:
Complainants allege unfulfilled contracts, and inability to obtain refunds. Most complainants allege the company fails to obtain loan modifications, or otherwise provide foreclosure assistance services. Other complainants allege that the company fails to return phone calls or otherwise respond to inquiries concerning the status of their foreclosure proceedings.
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Company Info
The company's business is providing foreclosure consulting and loan modification services.
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Licensing
California law requires all Real Estate Brokers who charge advance fees to provide loan modifications or foreclosure services to first submit materials for an Advance Fee Services Agreement. You may check with the Department of Real Estate to verify whether or not the company has an advance fee agreement on file customers may call the Department of Real Estate at (916) 227-0770 or visit their website at www.dre.ca.gov/mlb_adv_fees_list.html.
BCA has no information regarding government actions at this time.
Effective October, 2009 in California, it is illegal to collect any fees, regardless of the form, for negotiating or attempting to negotiate a loan modification for a residential mortgage. All modification services must be fully completed before any money can be collected. It is also illegal to divide fees or services into components for the purpose of avoiding this law.HUD approved housing counseling agencies are exempt from this law. For businesses outside of California, please check with the agency that regulates this industry.
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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