Saturday, October 23, 2010

Foreclosure consultants must register with the state - Sacramento Business Journal:

http://motogpix.com/2009/07/friday-free-practice-grand-prix-of-great-britain-2009-motogp/
Brown has directed that foreclosure consultantds must register with his office and posta $100,000 bond by July 1, the latesy get-tough effort against scam artist who “prey on” consumers, especially thoss facing the possibility of losing their homes, he said in a news releass Monday. Foreclosure consultants who failto comply, will face one year in jail and as much as $25,009 per violation. “California is awash with con artistsa who prey on vulnerable familieszfacing foreclosure,” Brown said.
“By forcingt foreclosure consultants to submit detailed information to my offic e and posta $100,000 bond, this registry will help bringt long-overdue transparency to this shadowy world.” Foreclosure consultants will work with homeownere to prevent foreclosures. But many demand "huge up-fronf costs" but fail to help financially strappedf homeowners, Brown said. Brown’sx office will issue a certificate of registration for foreclosur e consultants who register and postthe $100,0000 bond. A copy of the registration form is availabldat http://ag.ca.gov/register.php under the “Foreclosure Consultant Registry.
” Foreclosurde consultants must return the completed form by July 1. consumers can call the Attorney General to checkl on the credibility of aforeclosur consultant.

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