Jose Gomez (pictured at right) was concerned about falling into foreclosure on his home. He got approached by people -- including some in his grocery store parking lot -- who offered to help him reduce his mortgage payment for a fee.
Under the new law:
- Consultants are required to provide a contract, which includes language notifying the homeowner that these services are also available free of charge through http://www.makinghomeaffordable.com/
- Consultants are prohibited from charging an upfront fee
- Homeowners may sue for treble damages (which gives private attorneys more incentive to represent homeowners in these cases)