Orange County Register

State real estate regulators are being inundated with complaints about real estate professionals and loan modification scams, the head of the California Department of Real Estate told Realtors in Surf City Wednesday.

Jeff Davi, the state real estate commissioner, stopped off at the Meadowlark Golf Course to update members of the O.C. Coastal Women’s Council of Realtors on how the housing slump and the state budget crisis is affecting his department.

He said that there are more than 1,340 open investigations into loan modification scams alone, compared to just 10 a little more than a year ago. His department issued more than 300 desist-and-refrain orders just to suspected loan mod outfits, he added. Normally, the department issues no more than 100 desist-and-refrain orders of all types.

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