Laywers in trouble for Loan Modifications - Up Front Fees & No Results ~ Valley Attorney Marketing

Thursday, August 27, 2009

Laywers in trouble for Loan Modifications - Up Front Fees & No Results

Loan modification is one of the most common keywords leading visitors to this blog (web traffic is tracked here too), and I've blogged about FindLaw Clients who are both providing loan modification services to clients, as well has helping those that have been defrauded by companies.

Looking at the traffic just in the last month, ~25% of keyword traffic involved the work "loan", and ~5% had the word "scam" with it. Obviously, people are looking for information. I did a little digging my self and searched for issues with loan modifications - there was plenty to be found!

I found testimony about investigation and complaints against attorneys the from the Chief Trial Counsel from the State Bar of California
http://www.house.gov/apps/list/hearing/financialsvcs_dem/testimony_-_drexel,_ca_state_bar.pdf

Documents detailing the FTC and a company called the Federal Loan Modification Law Center
http://www.ftc.gov/os/caselist/0923070/090626fedloancmpt.pdf

Also California Attorney General Jerry Brown has sued United First and others (21 individuals and 14 companies)

News is out there about people who can help, and believe it, this blog has helped connect attorneys, clients, and even reporters who want info about Loan Modification scams. Last March I blogged about Robert Starr's actions against loan modification companies his interview on FOX11LA. This was before all the news above about lawyers getting themselves in trouble with taking upfront fees and doing little to help clients. Robert has updated his site with even more information about Loan Modification, including attorney involvement in upfront fees.

0 comments:

Blog Archive