California AB 764 & SB 94 Passed – End of Loan Modifications in California is a post from: Troubled Property Solutions | Loan Mods | Short Sales call 1-619-631-4546

California AB 764 & SB 94 pass in the California legislature on Monday October 12, 2009.  What does this mean?  Both attorneys and loan modification companies in California are now prohibited from collecting up-front fees for loan modifications.

What does this mean?

California loan modification attorneys and California loan modification companies can no longer collect up-front fees.   Now California loan mod experts can only collect money at the end of the transaction.

Can Any Business Survive without a Regular Source of Income?

Would you want to wait to get paid for the work you are doing now? – even worse – maybe get paid for the work you are doing now?