Brown to Join Forces with Department of Real Estate and State Bar in New Round of Legal Action Against Loan Fixers
Los Angeles – At a news conference Wednesday at 10:00 a.m., Attorney General Edmund G. Brown will announce a new round of legal action against more than 200 Los Angeles and Orange County loan consultants who have not registered with his office and nearly two dozen companies that have made unsubstantiated promises to homeowners.
This action is part of new collaboration between Brown’s office, the California Department of Real Estate and the State Bar of California to combat loan modification and foreclosure rescue fraud.
Date: Wednesday, August 12, 2009
Time: 10:00 a.m.
Location: 300 South Spring Street
Los Angeles, Calif.
Attorney General Edmund G. Brown
Jeff Davi, Commissioner of the Department of Real Estate
Suzan J. Anderson, Supervising Trial Counsel, State Bar of California
Bryan Batiste — an employee of the LA County Fire Department who paid $2,895 upfront to a loan modification company for services never provided.
Brown will also unveil a new website that provides homeowners tips to avoid loan modification fraud, allows them to determine if a company is registered with his office and makes it easier to file complaints.
Brown has made it a top priority to combat loan modification fraud. As part of a nationwide sweep last month, Brown filed suits against 21 individuals and 14 companies who ripped off thousands of homeowners seeking mortgage relief. In total, Brown has sought court orders to shut down 32 companies and has brought criminal charges and obtained lengthy prison sentences for deceptive loan modification consultants.