Wednesday, January 31, 2007

Los Angeles Attorneys Catch Section 1695 Violations; Save Owners Home Equity

In representing a California homeowner who fell victim to scam artists and lost her home in a foreclosure sale, a Los Angeles law firm found that the scammers violated provisions of the California Home Equity Sales Contract Act in the purchase contract. As a result, the scammers released their claim to over $110,000 of the $130,000+ in excess cash surplus that resulted when their client's home was sold in the foreclosure sale. To read more, see Angela Shaw v. Raymond Mendoza.