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No Upfront Fee For Loan Modifications. Beware Of Scams!

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Uploaded by on Feb 15, 2010

http://bit.ly/zDGikF Senate Bill 94 protects homeowners in California. Before this law was passed, attorneys and/or real estate brokers used to demand CA homeowners to pay upfront for service fee for loan modification. After senate bill 94 came into effect, it is now illegal to accept or demand advance payment from homeowners for loan modification services. If you are hiring someone to do your loan modification, do not be a victim. Do not pay upfront. Anyone who demands for an advance payment as service fee for doing loan modification is clearly a scam artist. Don't be a victim! Homeowners can contact HUD approved housing counseling agencies for free or low cost advice. Their number is 800-569-4287.

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