State Bar Takes Action to Aid Homeowners In Foreclosure Crisis

Well you've heard it from PMC. You've heard it from the FTC and the Attorney Generals Office. We are very pleased to announce that the California State Bar has now joined the fight in exposing "loan modification Attorneys". In a recent article from the State Bar of California's Website, it stated that the OTC (Office of Chief Trial Counsel) has over 800 active investigations that are related to foreclosure complaints. The Interim Chief Trial Counsel Russell Wiener warned consumers to take special caution when seeking legal representation related to loan modification. He said, "Consumers should not be comforted by advertisements that claim the Attorney is a member of their State Bar, such membership does not mean the Attorney has any special knowledge, experience or expertise in the area of loan modification. In fact, it appears that many of the Attorneys offering these services have little or no prior experience in the area of loan modification." Amen.

The State Bar suggests that consumers be wary of Attorney's offering loan modification services under any of the following circumstances:

• The Attorney in Charge of the office is too busy or not willing to meet personally with prospective clients.
• The business demands payment of a large fee, even before obtaining a prospective clients basic income and expense information about the existing mortgage and present home value.
• The Attorney responsible for the business is not licensed to practice law in the state where the consumer resides.

PMC has spent countless hours researching legitimate Mortgage Brokers who are licensed, and have a desire to help people in their state and surrounding states. During your loan modification process, you will talk personally with the Broker, and they will NEVER be too busy for you. If you want to sue your neighbor, hire an Attorney. If you want a free pamphlet on how to do your own loan modification, contact HUD. If you want a professional that's going to take you from start to finish, charge you a reasonable fee, and keep you informed throughout the process, contact PMC today.