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Attorney General Kamala D. Harris Sues Law Firms Engaged in National “Mass Joinder” Mortgage Fraud

SAN FRANCISCO — Attorney General Kamala D. Harris announced that the California Department of Justice, in conjunction with the State Bar of California, has sued multiple entities accused of fraudulently taking millions of dollars from thousands of homeowners who were led to believe they would receive relief on their mortgages. Attorney General Harris sued Philip […]

Attorney General Kamala D. Harris Announces Judgment in National Multi-Million Dollar Mortgage Scam

LOS ANGELES — Attorney General Kamala D. Harris today announced defendants who ran a national loan modification scam were ordered to pay more than $4 million in penalties and restitution, including $2 million to consumers who were falsely promised modifications of their mortgage loans. More than 1,000 customers paid more than $2 million for loan […]

Attorney General Warns Homeowners to Avoid Forensic Loan Audits

The California Attorney General joined the California Department of Real Estate (DRE) and the State Bar of California in warning Californians to avoid forensic loan audits, the loan-modification industry’s latest "phony foreclosure-relief service," in which homeowners pay up-front fees for a forensic review of their lender’s practices, but are provided no actual foreclosure relief. "Forensic […]

California Anti-Deficiency Laws

California has laws which prevent a lender from seeking a deficiency judgment in certain circumstances. These anti-deficiency laws are located in California Code of Civil Procedure (CCP) Sections 580b, 580d, 580e and 726. CCP 580b: Purchase Money Protection CCP 580b prohibits deficiency judgments after the foreclosure of a “purchase money loan.” This law applies to […]

California Law Provides Protection In Short Sales – Make Sure You Have An Attorney/Realtor® Representing You!

California Code of Civil Procedure section 580e prohibits all mortgage holders from seeking a deficiency judgment in any transaction where they have provided written consent to a short sale. This has added significant protections to California’s current anti-deficiency laws (e.g. CCP 726, 580d and 580b) when dealing with short sale transactions. This law provides far […]