New York DRE Publishes 200+ Loan Modification Enforcement Actions

The California Department of Real Estate published a list of Desist and Refrain Orders and Accusations filed against approximately 200+ respondents for loan modification and foreclosure rescue transaction violations. The enforcement sweep represents one of the largest single-agency fraud crackdowns targeting vulnerable homeowners facing foreclosure.

Actions target both unlicensed entities providing loan modification services and licensed real estate agents engaged in deceptive practices. Homeowners facing financial hardship are frequent targets of scams promising to negotiate with lenders in exchange for upfront fees, often leaving victims worse off than before. California homeowners struggling with mortgage payments should verify any loan modification provider through the DRE website before paying fees.