Summit Lending Corp (a Florida Corp.), Ronald M. Chazan, Hector E. Reyes, and Sebastian E. Fuentes received a desist order for providing loan modification services in California without a license.  All of these individuals and business are located in Florida with over 30 complaints on the BBB page with an F rating. Their website, http://www.summitlendingcorp.com, is down and probably out of business or doing business under a new name.

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National Improvement Center, Inc. and John Boatman received a desist order for providing loan modification services in California without a license. They are based in Irvine CA.  Their website is now down (http://www.nationalimprovementcenter.com/)  They have over 30 complaints, from last count on the BBB website with an F rating.

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Summit Lending Corp (a Florida Corp.), Ronald M. Chazan, Hector E. Reyes, and Sebastian E. Fuentes received a desist order for providing loan modification services in California without a license.  All of these individuals and business are located in Florida with over 30 complaints on the BBB page with an F rating. Their website, http://www.summitlendingcorp.com, is down and probably out of business or doing business under a new name.

Related posts:

1. DESIST ORDER: American National Group Summary: Order to desist and refrain for providing loan modifications...
2. DESIST ORDER: CTS Investments & Consulting, LLC This company and their principles were given an order to...
3. DESIST ORDER: Golden State Debt Management Corp dba Golden Investment Group Ltd. DRE gave an order to desist and refrain to MARIA...

As this site has reported in the past, forensic loan audits are still usually a waste of money.  Forensic loan audits are a part of the modification fad but has gained more strength since pure “loan modifications” have been restricted from charging advance fees.  Many of these same companies are now trying to usurp the law by calling their services audits where they will negotiate for free.  As Attorney General Brown correctly states,”Forensic loan audits are yet another phony foreclosure-relief service hawked by loan-modification consultants trying to cash in on the desperation of homeowners facing foreclosure.”

I have still yet to see any real value these forensic loan audits have produced.  I have heard stories here and there but no real indication that they are worth it.  It seems you need only be living and breathing and they’ll run you through an audit.  It does not matter whether you are outside the statute of limitations or the type of loan you have.

Do yourselves a favor, do not waste your money.

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STATEWIDE FINANCIAL GROUP, INC., U.S. Homeowners Assistance, Inc., DAVID SLEDGE, KATHY RODRIGUEZ are alleged by the DRE to have have been providing loan modification services without a license.

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1. NOT LICENSED: Whitfield Financial Services Inc. Whitfield Financial Services Inc. (Whitfield), which operated a statewide loan...

This case is interesting as it involves an undercover DRE agent.  The desist and refrain order alleges that R&C Resolution Services did not (1) provide an advance fee agreement which had been submitted to the DRE in compliance with regulations, (2) placed advance fees in a trust account, and (3) provided a proper accounting.

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The following was given an order to desist and refrain from providing their licensed services for performing unlicensed activity providing loan modifications without a license: A&G INVESTMENTS, A REAL ESTATE COMPANY; M&K FINANCIAL CORPORATION; MARCO RAMIREZ and KRISTINE BENGARD.

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The following was given an order to desist and refrain from providing their licensed services for performing unlicensed activity providing loan modifications without a license: ALEJANDRO “ALEX” MARIO AGUILAR, and HISPANIC FAMILY OF CALIFORNIA, INC.,

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The following was given an order to desist and refrain from providing their licensed services for performing unlicensed activity in part and providing loan modifications while collecting an advance fee without the authorization of the DRE: INFINITY GROUP SERVICES; KAHRAM ZAMANI , individually, and as designated officer for Infinity Group Services; ARTHUR PALENCIA PANDES; CHRISTOPHER SERAFINO SANTA MARIA; MARK CHRISTOPHER BALTES; ARTHUR R. MACK; JUSTIN MICHAEL COUGHLIN; JEREMIAH JOSEPH COONEN; BRIAN C. MACKEY; MICHAEL WILLIAM RUGGLES; HENRY HEDMAN; MICHAEL D. PRAHM; ANDREW KEITH SWANSON; SCOTT M. DORMAIER; NICHOLAS J. VAN V. RANKEN GREEN; BRIAN GOSHERT; EVELYN ANGUIANO; CHRIS SAMA-YOA; JEREMY REYNOLDS; JENNY MOHOFF; JARED SHERMAN; CYNTHIA WILKISON; KRISTINA HOPP; CHAD LAW; KIRK KNEPPER; KIRK SMITH; STEPHEN PARK; JAIME RUIZ; ROBERT SANCHEZ; SCOTT ANDERSON; JOSHUA WHITE; TONY HO; SAMUEL RODRIGUEZ; JAY LEE; and OLGA BOYD.

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Whitfield Financial Services Inc. (Whitfield), which operated a statewide loan modification business, surrendered its real estate license in lieu of defending accusations of violations of the real estate law at an administrative hearing. The license surrender, effective December 21, 2009, effectively puts Whitfield and its designated broker, Raymond Lorenzo Jeter (Jeter), out of business.  See source article.

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