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| An important reminder for all homeowners, as Stated in the Questions and Answers for Borrowers about the "Homeowner Affordability and Stability Plan": distributed by the Obama Administration. Borrowers should beware of any organization that attempts to charge a fee for Housing Counseling or modification of a delinquent loan, especially if they require a fee in advance." Some mortgage companies, offers loan modification assistance free of charge and no modification fee is required. Please call your mortgage company to discuss your options. The more you delay the fewer options you may have. For California customers, the state Rosenthal Fair Debt Collection Practices Act and the federal Fair Debt Collection Practices Act require that, except under unusual circumstances, collectors may not contact you before 8 a.m. or after 9 p.m. They may not harass you by using threats of violence or arrest or by using obscene language. Collectors may not use false or misleading statements or call you at work if they know or have reason to know that you may not receive personal calls at work. For the most part, collectors may not tell another person, other than your attorney or spouse about your debt. Collectors may contact another person to confirm your location or enforce a judgement. Fore more information about debt collection activities, you may contact the Federal Trade Commission toll free at 877-FTC-HELP. |
| Loan Modification Notice |