Legal Actions Continue Against Mod Firms

Posted on November 23, 2009
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The Nevada Division of Mortgage Lending announced on Nov. 2 that it shut down 30 loan modification firms who failed to obtain a required $75,000 surety bond. The State Bar of California announced that action has been taken against five lawyers for loan modification misconduct. A cease-and-desist order was announced by the California Department of Real Estate on Nov. 17 against United States Homeowners Relief and Greenleaf Legal Services LLC. HOPE NOW issued a statement this month indicating it supports the crackdown by the U.S. Department of Justice on "fraudulent activities of unscrupulous actors posing as legitimate professionals or companies that have taken advantage of desperate homeowners."

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