IRVINE, CA (AttorneyNewswire.com) — July 13, 2010 — Even though the public has been warned against the types of scams that prey on homeowners facing foreclosure, a large number of those homeowners continue to be made victims by clever thieves posing as loan modification companies. One tactic used by scammers is to request the title to the homeowner’s property so that they may act as the legal owners in order to fight the lender’s efforts to foreclose. Timothy McFarlin, an Irvine based foreclosure attorney, warns homeowners to never give up the title to their home or any other type of property.
“The scary thing about surrendering the title to a piece of property is that the person who receives the title becomes full legal owner of the property with the authority to evict the struggling homeowner and to sell the property for profit. No matter what the loan modification company says or promises, any attempt to receive full ownership rights to a property should be seen as a red flag by homeowners looking for help. By the time the homeowner realizes what is going on, they are often left with very few legal options to recover their property.”
McFarlin advises homeowners to fully investigate any company, firm, or person offering foreclosure assistance. He also recommends using the services of an experienced attorney over those of a loan modification company because attorneys are held to higher standards of conduct and must meet higher education and training requirements before being allowed to practice law. Loan modification experts and consultants, on the other hand, must satisfy little to no pre-employment requirements before being able to negotiate with lenders on behalf of borrowers.
About McFarlin & Geurts:
McFarlin & Geurts LLP is a full service law firm representing both businesses and consumers in California and throughout the United States. McFarlin & Geurts attorneys possess a keen sense of the law and markets, along with an astute business background that is invaluable in bankruptcy and business litigation. The McFarlin & Geurts team includes five leading attorneys and supporting staff to assure clients that their needs are placed at the forefront of any engagement. Legal representation and counseling is critical in our complex modern world, and McFarlin & Geurts is driven by a desire for excellence and commitment to provide quality, personalized service with integrity.
Media Contact:
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To learn more about services offered by McFarlin & Geurts Law Firm, visit www.McFarlinLaw.com.
