Anyone searching for loan modification help has to be careful about who they choose to do business with. There are bad companies out there doing things the wrong way. While there are many methods to sniff these companies out – and we’ve highlighted some of these in past posts – we wanted to bring attention to a list the California Department of Real Estate keeps.
It shows every loan modification company that has received a Desist and Refrain Order and/or Accusation by the Department of Real Estate in California. In many cases, these companies are collecting advance fees which can be illegal.
Even if you’re not in California, pay close attention to who is on the list. Many of these companies are likely doing business in other states as well.
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