Vista, CA– Golden Valley Lending Group was recently selected by the Department of Real Estate to become one the few licensed funding companies in the State of California to mediate in loan modifications.
With the number of homes falling into foreclosure over the past year, over 766,000, the Department of Real Estate has taken notice and moved a plan into action in order to dissuade unscrupulous actions from happening to unsuspecting lenders and borrowers in this time of crisis. In order to regulate the loan modification process, the Department of Real Estate has been issuing compliance orders to do Loan Modifications in the state of California.
“Not only does one need to have a Real Estate Broker’s License, but approval for an Advanced Fee Agreement is legally necessary,” states Donna Lynne Kunz, owner of Golden Valley Lending Group in San Diego. “Right now, we are one in a small number who are legally licensed to carry out Loan Modifications in the State of California.”
Under approval from the Department of Real Estate, Golden Valley Lending Group has been licensed to work closely with borrowers and lenders. If a Notice of Default has not been recorded against the property, Golden Valley Lending Group may negotiate a possible resolution between the two and ask for a payment in advance for services. An Advanced Fee Agreement must be signed, submitted, and permission granted by the Department of Real Estate before Golden Valley Lending Group is allowed to collect their fee.
Golden Valley Lending Group’s Loan Modification program is available in all of California. For more information call Golden Valley Lending Group at 1(760) 407-1717.
