San Diego County Recorder Of Deeds

News Alert - On October 11, 2009, Governor Schwarzenegger signed into law Senate Bill 94 which took effect upon signature. The law now prohibits any person, including real estate licensees and lawyers to apply for or receive a fee in advance of any changes in consumer lending services for mortgage loan or forbearance on homes residential one to four. fee in advance inadvertently collected after 11 October 2009 will be refunded. The agreements concluded before 11 October 2009 are not affected and the following rules still apply to these prior agreements. If you have already concluded an agreement with a licensed real estate broker for the loan modification or other mortgage services before abstention October 11, 2009 and that the broker had received "no objection" letter from the California Department of Real Estate, they are allowed to continue to provide these services to you under the terms of the contract. However, they are not allowed to raise any new taxes ahead of you. The California Department of Real Estate website states, "If you are approached by anyone requiring initial fee for these services, do not pay."

Today, everywhere you look there are commercials, billboards and road signs by entities offering to help you avoid foreclosure of your home. Known as foreclosure consultants, some, if not most of these services and their workers may be acting in violation of the strict regulations in California that regulate this growing industry. Others may be outright frauds and scammers.

The objective of these consultants eviction is a person who is behind on their mortgage payments, now estimated to apply to an owner of every ten years. However, those who seek to defraud the public have their particular emphasis on the elderly, the newly unemployed, those whose properties fall into foreclosure and those whose payments have increased recently added.

If you were the victim throughout the Southern California real estate fraud or the target of a loan modification service unscrupulous foreclosure consultant or a person acting on your behalf to modify your mortgage or heal your problems, which is in violation of the strict regulations discussed in this article, contact the office of R. Sebastian Gibson to the numbers on our website to http://www.SebastianGibsonLaw.com .

If you are a real estate broker or agent and have either been wrongly accused of being in violation of laws and regulations governing the operation of loan modification and foreclosure consultants, or acted as such without the aware of these rules are strict and legal defense, please call us at the numbers that you can find on our site.

To help you navigate the regulations on these services in California, here are some of the most important regulations. Keep in mind that there is some overlap between the consultants and services foreclosure loan modification. For this reason, laws and regulations governing the services included.

California Civil Code Section 2945 regulates foreclosure consultants. There is an additional requirement for loan modification services, as discussed below. As with many sections of code, the restrictions are complex and numerous. But here are the main ways in which consultants and foreclosure loan modification are regulated.

First of all, no foreclosure consultant and real estate licensee is authorized to collect an upfront fee for services like a.