Two days ago (December 10), the local news here in Los Angeles, CA had reported that LAPD detectives had made arrests in connection with loan modification fraud cases.
In this video, I talk about how the victims were defrauded, recap on my experiences having worked in loan modifications, my reasons for getting into the real estate and loan business, and what are some signs to watch out for when dealing with companies or agents that advertise loan modification services.
Link to ABC7 News Article: https://abc7.com/foreclosure-scam-targets-la-spanish-speakers/4875060/
Link to California Civil Codes: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?sectionNum=2944.6.&lawCode=CIV
https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?sectionNum=2944.7.&lawCode=CIV
If you wish to contact me concerning any real estate or loan inquiry in California, you can reach me at baperez1982@gmail.com.
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