Loan Modification Firm, Broker, and Agent Offering Legal Representation Surrender License to DRE

The Irvine loan modification firm Green Credit Solutions Inc (license record – Green Credit), its designated broker Jeffrey Alan Chiuminatta (license record), and real estate salesperson Curtis James Melone (license record) have surrendered their real estate licenses rather than fight charges of fraud and dishonest dealing (PDF format) filed by the Department of Real Estate (DRE).

In an action filed last June, the DRE accused Read more

March 25th, 2010 · Filed Under Real Estate & Mortgage FRAUD

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Lenders Slowly Signing On To The Second Lien Modification Program – 2MP

Yesterday, Wells Fargo announced that it has agreed to participate in the Treasury Department’s Second Lien Modification Program (2MP) which is a supplemental program to the Home Affordable Modification Program (HAMP).

So far, Wells Fargo is only the second major servicer to sign on to the 2MP since it was introduced last year. The first servicer to sign on was Bank of America only a couple of months ago, in January.

[Update March 22, 2010: Chase is Latest Lender to Offer 2nd Lien Foreclosure Rescue]
[Update March 25, 2010: Citigroup agrees to modify some second mortgages under 2MP]

This supplemental program 2MP was designed so that Read more

March 18th, 2010 · Filed Under Loan Modifications

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HUD: Homeowners Can Report Scammers to National Complaint Database

In the midst of the current economic turmoil and foreclosure crisis, millions of distressed homeowners have become vulnerable targets to unscrupulous and sometimes criminal third-party scammers, con-artists, and thieves. These fraudulent individuals are highly mobile and easily able to move from one community to another.

To further strengthen the fight against these scammers, support existing efforts at the national, state and local levels, the Read more

March 1st, 2010 · Filed Under Loan Modifications, Real Estate & Mortgage FRAUD

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