Stop Foreclosure Now! » Arizona Foreclosure Prevention http://blog.foreclosurelawyersofamerica.com Mortgage Loan Work-Outs & Modifications Mon, 07 Jun 2010 22:15:28 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Arizona Requiring Loan Modification Licensing for Foreclosure Prevention Services http://blog.foreclosurelawyersofamerica.com/2009/09/01/arizona-requiring-loan-modification-licensing-for-foreclosure-prevention-services/ http://blog.foreclosurelawyersofamerica.com/2009/09/01/arizona-requiring-loan-modification-licensing-for-foreclosure-prevention-services/#comments Tue, 01 Sep 2009 12:51:04 +0000 admin http://blog.foreclosurelawyersofamerica.com/?p=38 Since the housing crisis began, Arizona loan modification companies have made headlines from a range of loan modification scams.  Local TV affiliate ABC 15 reported that Governor Jan Brewer recently signed into law legislation that will force those who work in this industry to have background checks and receive 20 hours of training.  According to the article, the new law will go into effect in July/2010.  Click here to read the article, and make sure you watch the video as well.

When it comes to loan modification plans, the industry is crowded with many self-proclaimed “loan-modification consultants” who often end up being scam artists.  Hopefully, Arizona’s new law will help eliminate the loan mod companies profiting on their scams that have given good loan modification companies a bad name in Arizona.  Do your research when considering a loan modification law firm or foreclosure prevention lawyers.  The article was written by Bob Hertzog who is a mortgage broker operating in Phoenix, Arizona.

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