The Law Offices of J. Arthur Roberts would like to thank the California Attorney General Jerry Brown for his efforts to police and shut down loan modification scam artists. From the A.G.'s website: http://ag.ca.gov/loanmod/index.php:
"Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office. He also ordered more than two dozen companies to justify suspicious loan modification claims made in "slick advertising," online and through the mail.
Threatening possible criminal and civil prosecution, Attorney General Edmund G. Brown Jr. today ordered 386 mortgage foreclosure consultants to post $100,000 bonds and register with his office. He also ordered more than two dozen companies to justify suspicious loan modification claims made in "slick advertising," online and through the mail."
The Attorney General's list of companies that must register as "foreclosure consultants" includes several Orange county law firms that advertise heavily on TV, print or radio, including the Lucas law firm and the Feldman law center. Most of the companies on the list were not law firms but mortgage brokers or unlicensed entities throughout California. Some on the list are foreclosure "boiler rooms" that are fronted by shady lawyers. For a complete list, visit: http://ag.ca.gov/cms_attachments/press/pdfs/n1780_registry_list.pdf
The Law Offices of J. Arthur Roberts recently joined the Attorney General's fight against foreclosure scams when it sued "FastLink Financial" in Santa Ana Superior Court on June 29, 2009 for violations of the same Foreclosure Consultant Act ["CC Section 2945]. FastLink Financial is a loan modification shop operating in Anaheim Hills they made the list of companies targeted by the Attorney General. The complaint states that Fastlink Financial and its principals, Zyad Maluf and Shirine Khatib violated Section 2945 when they charged the Plaintiff and her family $7,000.00 after a Notice of Default had been filed. The subject property was ultimately lost and sold at a foreclosure sale.
