This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...
You have to be a subscriber to view this page.

Real Estate/Development

Jan. 11, 2011

Some Say Anti-Scam Law Hurt Consumers

A California law aimed at deterring loan modification scams has had the opposite effect, plaintiffs' lawyers say.


By Anna Scott


Daily Journal Staff Writer


A California law aimed at deterring loan modification scams has had the opposite effect, plaintiffs' lawyers say, by scaring honest attorneys out of the foreclosure relief business while fraudsters continue to offer services.


Senate Bill 94, effective since October 2009, bans lawyers, real estate brokers and other professionals from charging upfront fees for helping homeowners modify their mortgages...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up