CALIFORNIA BRIEFING / OAKLAND
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Foreclosure consultants throughout California now must register with the state and post $100,000 bond by July 1, Atty. Gen. Jerry Brown decreed Monday in his campaign to deter scams that bilk homeowners of massive upfront costs while seldom saving their homes.
“California is awash with con artists who prey on vulnerable families facing foreclosure,” Brown said. “By forcing foreclosure consultants to submit detailed information to my office and post a $100,000 bond, this registry will help bring long-overdue transparency to this shadowy world.”
-- Carol J. Williams
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