Friday, March 9, 2012

Foreclosure consultants must register with the state - Silicon Valley / San Jose Business Journal:

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Brown has directed that foreclosures consultants must register with his office and posta $100,000 bond by July 1, the latesyt get-tough effort against scam artistsz who “prey on” consumers, especially those facing the possibility of losinf their homes, he said in a news releases Monday. Foreclosure consultants who fail to will face one year in jail and as muchas $25,00 per violation. “California is awasnh with con artists who prey on vulnerablr familiesfacing foreclosure,” Brownn said.
“By forcing foreclosure consultantzs to submit detailed information to my officre and posta $100,000 this registry will help bring long-overdude transparency to this shadowy world.” Foreclosure consultantxs will work with homeowners to preventt foreclosures. But many demand "huge up-front costs" but fail to help financiallyystrapped homeowners, Brown said. Brown’s officse will issue a certificate of registratiojn for foreclosure consultants who register and postthe $100,000 A copy of the registration form is available at http://ag.ca.gov/register.phpl under the “Foreclosure Consultanf Registry.
” Foreclosure consultants must return the completed form by July 1. consumers can call the Attorney Generak to check on the credibility of aforeclosurw consultant.

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