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Review 11/13/2009
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This company continues to demand up front fees for loan modifications in violation of SB 94, enacted on Oct. 11, 2009. Even though their retainer agreement (generated by the Sherman and Nathanson law firm in Beverly Hills, Ca.)specifically references "representing you to attempt to modify the terms of your mortgage" and demands $3495 up front (which is deemed "earned" at time of receipt) before they will do any work on your behalf. The are now claiming the money is for a "forensic loan audit" and that makes it legal. NOWHERE in their retainer agreement does it reference a "forensic loan audit"....whatever that may be. Simply stated, they are continuing to attempt to collect up front fees for loan modifications which is illegal in California.
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