Open Journal Systems

It appears that Greenleaf Legal Services, a mortgage-modification company based in Mission Viejo, has shut down, leaving hundreds of homeowners in jeopardy of losing their homes. Many of the company's offices are vacant, and clients have been unable to reach anybody at the company, some who have been trying for several months. Some employees of the company say they haven't been paid in weeks. They are speaking up anonymously because they plan to notify authorities of their concerns.

Company insiders say that since employees are missing their paychecks, they are refusing to work on clients' files. They claim that in the beginning, Greenleaf was actually helping people, and some early clients of the company were satisfied and that Greenleaf was able to reduce their tower loan i need a payday loan from a direct lender. Clients were charged an upfront fee of $1,500 to $3,500, and many claim to have seen no results at all. Many of the clients had to borrow the upfront fee and are demanding that the money be returned. One investor went to Greenleaf and paid $13,500 to Greenleaf to modify 16 tower loan payday loans no credit. Only two of the loans have been modified and several of his properties have been foreclosed while the man was trying to get in contact with Greenleaf representatives.

Unbeknownst to Greenleaf clients, the company was issued an "order to desist and refrain" from performing tower loan pay day loan with no credit check modifications because the company was not licensed by the Department of Real Estate. The company's website falsely claims being "approve" by the Department. Greenleaf failed to register with the department to perform modifications or to post the $100,000 bond required by law. Simon Yarandi, one of the company's listed owners, claims that his partners took of with all the money. Just last week, the state issued a second "desist and refrain" order, this time including Yarandi and his other company, Refisoup.com.

Calls and letters to the company's other listed owners have not been returned. State officials say that, unfortunately, those who paid Greenleaf and saw no results are likely out of luck. If the money is really gone, as many as 300 people who consulted with Greenleaf may lose their homes, according to persons familiar with Greenleaf. A law passed in October now prohibits companies from requiring upfront fees for performing loan modifications, a law that was several months too late to help homeowners who placed their trust in Greenleaf Legal Services.