State Senator Correa applauds approval of legislation to prevent loan modifications scams

Lou Correa at work

State Senator Lou Correa is quite pleased about the passage this week of SB 94, which “will protect vulnerable and distressed home owners from becoming victims of predatory mortgage scams,” according to a press release which I am enclosing below.

“The bill abolishes the common practice in the loan modification sector of collecting advance fees prior to completing any loan modification services,” according to PR Web.

The merican Mitigation Law Group has established a California SB 94 fact page designed to educate homeowners. The information can be reached via the company’s home loan modification website at Click “Resources” and then select “California SB 94” from the drop down.

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