FHA Refinance Mortgage

Herein California, our Department of Real Estate website (dub dub dub dotdre dot gov) lists the companies that have DRE “permission” to modifyloans… add to this list any licensed California attorney, and that iswhere you should begin your due diligence search when you seek help inCalifornia. Other states probably have similar laws, so check with yourown state DRE and state bar.

Mylaw firm has been getting more and more calls recently from homeownersthat were victims of predatory lenders who put them into anunaffordable loan and now fell into the hands of those same people whosold the toxic loans but profess to be saviors… DON’T BE A VICTIMTWICE! What’s that they say, “Fool me once, shame on you, but fool metwice, and I’ll sue your butt!”

Doyour homework and THOROUGHLY investigate any firm before hiring them tosave your biggest asset and the place you call “home.” Scammers arepopping up like dandelions on a freshly mowed lawn in April. Theyadvertise on the Internet, freeway billboards, radio, television, andprint media everywhere, not to mention spamming your email box withthose third-world widows needing someone to receive three milliondollars for them. Make no mistake, in many cases, these “loanmodification experts” are the exact same loan officers and mortgagebrokers who fleeced homeowners the first time around. After losingtheir jobs with the crash of the mortgage industry, they have found anew way to make ill-gotten profits from hard-working homeowners throughloan modifications.

InCalifornia, with very few exceptions (and attorneys are one exception…no coincidence there… attorneys make the laws), it is against the lawfor anyone to take money up front for helping a homeowner who is indefault. Don’t trust a company that begins its relationship with you bybreaking the law.

HERE’S THE BOTTOM LINE!

Hirean attorney – and not just any attorney either - one with experience inmortgage law, not just one with real estate law experience but one withexperience in both FEDERAL and STATE litigation against mortgagecompanies, one who doesn’t also do family law, criminal law, admiraltylaw, and immigration law as well, one who limits the practice tomortgage law (or at least a great majority of it), one who has theexperienced staff, training, and know how to take on the big lendersand their top notch lawyers (lenders have attorneys – and darn goodones – check out their counsel on the web – big names top schools,shouldn’t you have a lawyer too?).

Weare not talking about a refund on your broken television here, we aretalking about hundreds of thousands of dollars and your HOME – if youdon’t think this is the time to hire a highly educated and experiencedprofessional instead of a weekend schooled, almost out of work, brokerslash loan officer slash “expensive water in a wine bottle with allegedmagical curative powers” salesperson, I don’t know what would make youtake things seriously.

Ofcourse, this is one obnoxious lawyer’s totally biased opinion, but onebased on many many distressing calls to my office every day. And, yes,my firm loves taking cases against loan modification companies who haveviolated laws. This field is quickly becoming one of the fastestgrowing sections for our mortgage law firm.

- Paul J. Molinaro, Esq.