Summary
LONG BEACH -- To protect homeowners who have financial troubles, the City Council will consider approving an ordinance Tuesday to regulate mortgage modification consultants.
The new ordinance was crafted by City Attorney Bob Shannon after council members Val Lerch and Dee Andrews proposed the law and the council ordered it drafted last month.See the full content of this document
Extract
Long Beach Might Regulate Mortgage Modifiers
"We've got families in North Long Beach and in Central Long Beach that (mortgage consultants) tell them give us $2,000 and we'll help you get out of the mortgage, and then they never see the money again," Lerch said las...
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