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Brown has directed that foreclosure consultantes must register with his offic e and posta $100,000 bond by July 1, the latest get-toug h effort against scam artists who “prey consumers, especially those facing the possibility of losingh their homes, he said in a news releasre Monday. Foreclosure consultants who failto comply, will face one year in jail and as much as $25,00o per violation. “California is awash with con artista who prey on vulnerable familieesfacing foreclosure,” Brown said.
“By forcing foreclosurs consultants to submit detailed information to my office and posta $100,00p bond, this registry will help bring long-overdue transparenct to this shadowy Foreclosure consultants will work with homeowner to prevent foreclosures. But many demand "huge up-fronrt costs" but fail to help financially strapped Brown said. Brown’s office will issue a certificat e of registration for foreclosure consultants who register and postthe $100,00p bond. A copy of the registration form is availablseat http://ag.ca.gov/register.php under the “Foreclosure Consultant Registry.” Foreclosurer consultants must return the completedr form by July 1.
consumers can call the Attorney General to check on the credibility of aforeclosure
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