Bell agreed that many lawyers are legitimately helping clients with foreclosure and other credit issues. While the complaints ladder the gamut, Drexel said the most common concerns lawyers who lend their name to a loan modification operation but non-lawyers do most of the work. These are the instances where home owners need an attorney that works for them, not a front for a loan modification company. During a loan mod seminar he was approached by several others, he expressed concern about potential ethical constraints, such as splitting fees with non-lawyers and soliciting clients, but “they tried to explain some easy loopholes. Feldman opened the Feldman Law enter over a year ago there have been many imitators providing stop foreclosure and loan modification services. Rewinski said the barbs alert is not meant to suggest that distressed home-owners are not entitled to legal counsel; on the contrary, they may well need legal help and lawyers should be able to assist them. Since Steven C. As a result, he said, the client loses his or her money. Many websites, T.V. and radio commercials by loan modification companies are steering clients to an attorney.
Money out: And over those same five years, the states equitable share of the booty was $2.5 billion. Californias cut: $410.9 million. Here in the Golden State, police agencies in Southern California got the most money back from the federal government. Agencies in Orange, Los Angeles and San Bernardino counties topped the list. Thats not coincidence, said Cindy Bachman of the San Bernardino County Sheriff-Coroners office. Illicit proceeds are funneled south to Mexico by drug trafficking organizations, and it is routinely consolidated in the greater Los Angeles area before making its way out of the country, she said by email. Soon, that could change. A new state law seeks to choke off more seizure money, reducing police incentives to seize property, as do bills pending in Congress. More on that in a minute. LINKED IN Landlord Tony Jalali owned a commercial building in Anaheim. He rented space to a dental office, an insurance company and two medical marijuana dispensaries. In 2012, Anaheim police teamed up with federal prosecutors and seized Jalalis building, saying it was linked to criminal activity.
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A.icensee can collect advance fees before a notice of default is recorded if he or she has received a “no object” letter from the DBE. The department is part of task forces operating in northern and southern California with county, state and federal prosecutors looking at loan modification efforts that cross the line into foreclosure scams. There is a new website set up to help home-owners get information on loan modification programs and find legitimate sources for loan modifications called wow.loanmodificationhelpcenter.Borg . Such a letter is issued after a licensee submits an advance fee agreement, accounting format and any advertising or promotional materials for review. Home owners facing the threat of foreclosure should have the ability to meet or speak directly to the attorney handling their case. For the lawyer, he added, “the question becomes, if I lend my name to loan modification company, am I adding any value?”