If you work in any communities where there are many non-English speaking residents, you might be interested in the article on ActiveRain written by Steve Mun, a Keller Williams agent in California.

Steve’s recent experience is that there are many foreclosure scams being directed at ethnic communities.  The “mortgage consultants” who contact people in trouble play on the feeling of community they create.  These consultants look like real saviours.  They speak the language of the person in trouble, and emphasize their goal to assist others in their community.  I thought it was a good word of warning. 

Steve also cited a new regulation in California requiring foreclosure consultants to register with the State Attorney General and post a $100,000 bond.

Is that happening in other states?  What a concept!  Could this perhaps help eliminate some of the abuse??