On October 21, Parsa Law Group founder James Parsa surrendered his license right to practice law amid a probe into a prior conviction for having sex with a minor, according to the California State Bar.

Parsa, whose firm promised to help homeowners avoid foreclosure, was suspended on Oct. 16  after the bar discovered Parsa pled guilty in 2001 to a misdemeanor charge of sex with a child under 18.  The Bar said Parsa did provide evidence that he was working on homeowner cases. But he never reported his conviction to the Bar.  After bombarding southern california with internet, radio and televsion advertisements, the firm locked out clients and employees just before the passing of SB 94 which banned Attorneys and others from accepting  advance fees from homeowners wanting help negotiating a loan modification.

According to the Orange County Register, The Bar said two other Orange County lawyers have surrendered their right to practice law:

• Ronald Rodis of Rodis Law Group and America's Law Group in Newport Beach, resigned from the Bar on Oct. 13.
• Jeffrey Nemerofsky, U.S. Advocacy Law Group and U.S. Financial Products, in Laguna Niguel, resigned Oct. 16.

The Bar also placed Christopher Diener of Irvine-based Home Relief Services LLC on inactive status on Oct. 9, "due to the State Bar Court judge's finding that he poses a substantial threat of harm to his clients and the public."

The fallout continues.  We are beginning to see the consequences of allowing the boiler room culture of the sub-prime mortgage industry to infect the practice of law.  Clients of Parsa and other former attorneys are encouraged to reach out to our Firm and receive a 10% discount on legal fees for bankruptcy or on a debt relief strategy consultation.  In addition, my staff is available to speak with these victims for free.  There are no short cuts.