fbpx
Untitled design (3)

California Lawyer Disbarred for Loan Modification Fraud

Attorney Stephen Siringoringo, 32, Garden Grove, California, bar # 264161, has been disbarred for defrauding homeowners in a loan modification scam. Finding that he posed a “substantial threat” to his clients and the public, and continued to engage in unlawful activities, the State Bar Court has ordered that Siringoringo be prohibited from practicing law.

Siringoringo was placed on inactive status July 29, 2013, pending the outcome of a disciplinary case against him. Siringoringo was in the midst of a trial for 25 counts of misconduct tied to loan modification matters and faces additional charges in connection with 14 other cases outlined in the court’s decision and order of inactive enrollment. 

State Bar Court Judge Richard A. Honn wrote that Siringoringo’s business model violated Civil Code section 2944.7, which prohibits loan modification professionals – both attorneys and non-attorneys – from charging fees before they have performed all the services that they were contracted for.

According to Honn, the Siringoringo Law Firm set up retainer agreements with its clients whereby the loan modification work would be split into stages. In stage one and two – which involved pre-qualification and completing a loan modification application – clients would be charged between $2,000 and $3,500. In stage 3, during which the firm was to submit the loan modification application and purportedly negotiate with the lender, clients were charged $495 every 30 days while awaiting the lender’s decision.

Siringoringo is the third attorney this year that the State Bar Court has placed on involuntary inactive status for alleged misconduct. In May 2013, the court placed Los Angeles attorney Gene Wook Choe, 50, [bar # 187704] on involuntary inactive status for alleged misconduct in loan modification matters similar to the allegations against Siringoringo.

In June 2013, the court granted the State Bar’s application to involuntarily enroll Hal Erwin Wright [bar # 157814] as an inactive member. Wright, 58, Davis, California, has been charged with multiple acts of misconduct involving moral turpitude and dishonesty, including misappropriation of funds.

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

EXCEPTIONAL SERVICE – UNPRECEDENTED PROTECTION

LAWYERS REALTY GROUP is an attorney owned and operated real estate brokerage that was formed to help level the playing field between struggling homeowners and the banks who are threatening them with foreclosure, eviction, deficiency judgments, and collection actions.

Unlike traditional real estate agents, loan mod companies, bankruptcy attorneys, litigators and others who aggressively market their particular one-size-fits-all solution regardless of a homeowner’s future liability and financial well-being, Lawyers Realty Group provides clients with a customized analysis of their options, free legal counseling and clear direction on how to best resolve their particular mortgage issues – all without charging fees to the homeowner.

 

Derik N. Lewis, Esq., is the founder and president of Lawyers Realty Group. Derik is a California real estate attorney, a licensed Realtor® and a member of the National Association of Consumer Bankruptcy Attorneys. He graduated magna cum laude from Boston University School of Law and has nearly 30 years of real estate experience. For more than two decades as an attorney in private practice, Derik has represented California homeowners with difficult real estate matters. Derik previously served as legal counsel for some of the world’s largest lenders including Bank of America, Wells Fargo and JPMorgan Chase (he knows how they operate and how to work within their systems to help you achieve the best possible outcome). He is also a visiting lecturer at the University of Southern California School of Law speaking on real estate law, brokerage and litigation.

Professional Associations

  • Admitted to all State and Federal Courts in California
  • California Bar Association
  • Orange County Bar Association
  • National Association of Consumer Bankruptcy Attorneys
  • National Association of Realtors
  • California Association of Realtors
  • Orange County Association of Realtors
  • California Regional Multiple Listing Service

No Cost Services

Free legal analysis of all of your options, including how to limit or eliminate tax and deficiency liability.

Complete representation for the option that best suits your situation, whether you need assistance in reviewing a loan modification, filing bankruptcy, seeking a deed-in-lieu of foreclosure, pursuing a planned foreclosure or selling in a short sale.

Free Bankruptcy filing in the BK/Short Sale package.

Free legal review and fraud analysis of all solicitations from the bank, real estate agents, lawyers or others.

Free and complete short sale representation including MLS listing, marketing, negotiation, deficiency waivers and closing. You need an Attorney/Realtor® to provide legal leverage and fully protect your interests.

Have Questions?

We are here to answer any questions you have!