Jeffrey Simons - Orange County Real Estate Consultant

Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®

LOAN MODIFICATION ATTORNEYS UNDER INVESTIGATION The State Bar of California has recently launched numerous investigations against attorneys for misconduct related to loan modifications. In a rare move, the State Bar has released the names of 16 attorneys under investigation, by opting to waive investigation confidentiality in favor of public protection. These attorneys have allegedly taken fees for promised services, but failed to perform those services or even communicate with their clients who face the possible loss of their homes. Their non-attorney staff may also be under investigation for unlawfully practicing law.

Not all attorneys engaged in loan modifications are unscrupulous. However, this announcement from the State Bar serves as a good reminder for REALTORS® and their clients to be careful when dealing with attorneys and others for loan modifications. Scam artists may intentionally associate or affiliate themselves with attorneys in an attempt to lend credence to their fraudulent schemes.

The list of attorneys currently under investigation is available at http://calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10144&n=96395. C.A.R. provides REALTORS

This market has continued to create challenge after challenge…

I’m not going to tell you that I have all the answers and that I know how to get through every situaltion… What I believe would help, would be for entire industry to CHANGE…

Imagine if we all worked together to reach the same results… how great would that feel? You are not alone and don’t need to do this by yourself. I would like to suggest that any agent working on a short sale that hasn’t already taking an advanced training course through your local board, the short sale specialist (SSS), the short sale matrix (SSM), or the Certified Distressed Property Experts (CDPE) please do so…

At the very least… please consider working together with the community to reach a common goal, whether it be getting through the sale faster, helping your seller through a difficult time, working to get the lender through this sale, minimize their loss, and even for your own selfish benefit to get paid sooner… wouldn’t that be nice?

Are you looking for help? Please visit www.CDPE.com now and make a difference for you, your community and your clients!!!