Law Office of Richard Koman 707.544.5354

California has already addressed the serious problem of attorneys taking upfront payment for loan modifications and failing to do any work. Or at least failing to get any results. It’s now illegal in California for attorneys – or anyone else – to do any work. But in much of the rest of the country, the problem continues. The Chicago Trib, for instance, reports that “Some lawyers profit off foreclosure fears, loan modifications”(!): Attorneys are among the few professionals who can legally charge upfront fees to help homeowners modify their mortgages. But instead of negotiating with a lender, some attorneys or …Read more »

I get a lot of calls from people who say they’ve been foreclosed on improperly, the house has been sold at auction, and NOW they want to get it back. I got a call the other day from someone after the house had been sold to a third party. The caller alleged that Wells Fargo had done some unscrupulous things in the foreclosure. Well that’s a little late in the game. For one thing, the house is almost certainly gone at that point. All you can do is sue for damages for lost equity (if any). If you’re underwater anyway, …Read more »