C.A.R.'s Legal Department has published a new legal article for REALTORS® entitled Foreclosure Scams and the Foreclosure Consultant Law. With the high number of foreclosures lately, foreclosure-related scams have exploded onto the real estate scene. Many scams are aimed at homeowners in foreclosure, but other scams target real estate agents, investors, buyers, tenants, and other people involved in the foreclosure process.

This new legal article addresses the legal and practical issues surrounding foreclosure-related scams. It also provides comprehensive guidelines on California's foreclosure consultant law. Some of the highlights of the new legal article include the following:

- Red flags for detecting foreclosure-related scams;
- Real-life examples of foreclosure-related scams;
- Requirements under California's foreclosure consultant law;
- Applicability of the foreclosure consultant law to REALTORS®;
- Restrictions on collecting advance fees;
- Licensing requirements for representatives of foreclosure consultants; and
- Recent 2008 revisions to the foreclosure consultant law.

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