234 inquiries | Real Estate Consultants
(562) 869-9191
Company Rating
AAA
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Complaint Experience
N/A
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
One complainant alleges paying $1400 to obtain a repayment plan, but failed to receive one and failed to receive return calls. She claims that the company told her not to pay her mortgage and she almost fell into foreclosure. The company responds by stating it provided the repayment plan, which she signed and returned to the bank and they are not responsible for any payments after the file is closed. The complaint is closed as unresolved, the customer claims that the company's response is untrue and the matter remains unresolved.
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Company Info
This company's business is providing foreclosure negotiation services.
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Licensing
We know of no licensing or registration requirement for companies engaged in this company's stated type of business.
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Representatives of the foreclosure consultant are required by California Law to have a valid current Califonia Real Estate Sales License and must have a bond by a surety insurer in an amount equal to at least twice the fair market value of the real property that is the subject of the contract. The representative must provide this in writting and also a statement, in writting, under penalty of perjury, that they are properly licensed and bonded. Failure to comply with these requirements renders the contract void. As of November 15, 2003, we verified that the company, nor it's principals, have a valid California Real Estate Sales License. To verify licensing, visit www. dre. ca. gov or call (916) 227-0900. By law, the contract must also provide for a three-day cancellation right and no monies must be paid prior to performing all the services set forth in the contract. Generally, failure to provide the cancellation notice means that your right to cancel exists until you are notified as required and the cancellation period has expired.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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