Preston DuFauchard, Commissioner
Department of Corporations
1515 K Street, Suite 200
Sacramento, CA 95814

Dear Commissioner DuFauchard:

As Chair of the Assembly Banking and Finance Committee, I recently met with over 50 homeowners who have lost or are in the process of losing their homes. Most of these homeowners have potentially been a victim of fraudulent loans or loan modifications.

I asked them to voluntarily fill out the attached form which provides us with the necessary information to get to the bottom of their crises. As you will see from their concerns, these homeowners have no where else to turn and want to stay in their homes. I respectfully request that you file these forms as Department of Corporations’ complaints and review and respond to these homeowners.

Thank you in advance for your help with these matters. Please do not hesitate to contact me at 916-319-3081.

Sincerely,

Pedro Nava
Chair, Assembly Banking and Finance Committee
Assemblymember, 35th District.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.