The California foreclosure consultant surety bond protects the CA public from criminal behavior and all damages from legal code violations.
All foreclosure consultants in the State of California are required to secure this surety bond to operate their business.
The rate you pay on this surety bond depends on your personal and business financial health.
To apply for your California Foreclosure Consultant Surety Bond by applying online. You may request a PDF application via email to email@example.com.
Fill out the easy, secure online application and our team of surety experts will find the best bond rates for your financial situation. We will email you a free bond quote in 2-3 business days. We make the bonding process as easy and pain-free as possible to help you save time and money!
Oakland -- Continuing his fight against scam artists who "prey on" vulnerable Californians, Attorney General Edmund G. Brown Jr. today issued a directive forcing foreclosure consultants to register with his office and post a $100,000 bond by July 1, 2009.
Those who fail to do so will be in violation of state law, subject to criminal penalties of up to a year in jail and fines ranging from $1,000 to $25,000 per violation.
"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."
Up and down the state, scam artists pose as legitimate foreclosure consultants, promising homeowners they will prevent foreclosure. In reality, these scam artists charge huge up-front costs, but don't provide an ounce of help.
Earlier this month, Brown's office prosecuted a scam artist who provided hundreds of homeowners with forged bank documents and directed them to send their mortgage payments to accounts she had created, instead of the homeowners' lender.
Additionally, Brown's office has seen a significant increase in the number of complaints from homeowners regarding foreclosure consultants.
The registry unveiled today will provide Californians with information about potential consultants and recourse in the event that a consultant violates the law.
All foreclosure consultants operating in California must post a $100,000 bond and register with Brown's office by July 1, 2009 and submit the following information:
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