Cracking down on Inland Empire mortgage fraud
“There’s the good and the bad out there,” Firoved said about modification companies. “If you’re going to use a third-party service for a loan modification, go to the state authorities and check to make sure there are no complaints. Move forward cautiously.”
Pool said several companies don’t heed the state Real Estate Department’s desist and refrain orders.
“A lot of these companies are just crooks,” he said.
The department issued 328 desist and refrain orders and accusations from October to July - 240 of them in the Los Angeles-Orange County- Inland Empire region.
They order unlicensed shops to shut down their loan modification or foreclosure rescue business and force dubious companies to stop collecting upfront fees.
“The list grows weekly,” Pool said.
