Advice to California Homeowners seeking Loan Modification. Beware of Scams

Some California homeowners who have fallen on some hard times yet are still trying to do the right thing and opt for loan modification instead of walking out and having their homes foreclosed, are finding themselves victims to yet another loan modification scam. This time by attorneys.

The  State Bar of California grew very concerned at the number of lawyers participating in loan modification scams that they felt they needed to publicize the names of 16  such attorneys who are being investigated http://calbar.ca.gov/state/calbar/calbar_generic.jsp?cid=10144&n=96395 

Some advice to homeowners seeking loan modification

1- Beware of telemarketers selling loan modification .
2- Before you contact any company for loan modification , check them out. Call the Better Business Bureau. If it's an attorney contact the Bar association .
3- Contact the government agencies http://hud.gov and get a list of reputable companies
4- Contact your real estate agent who might have additional resources.

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