Real Estate/Development
Jul. 25, 2009
Sell a Loan Modification, Snag a Shiny New Rolex
A federal court-appointed temporary receiver described an Anaheim loan modification company being sued for fraud as being like a "well-appointed telephone boiler room."
Daily Journal Staff Writer It was like a "well-appointed telephone boiler room," where nearly 60 salespeople and managers fielded 500 incoming calls per day from 5 a.m. to 5 p.m., battling hard for commission payouts in rows of cubicles in sprawling office suites in Anaheim. That's how a federal court-appointed temporary receiver recently described the "bustling enterprise" that made up H.E. Servicing, Inc., one of a string...
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