Complaint / Review
Certified Financial Protection Group
Money Management Services, Inc. Illegal operation under desist and refrain order from California Department of Real Estate tried to charge upfront non-refundable fee, under administrative proceeding in FTC log

See BBB report:

Http://www.la. BBB.org/Business-Report/Money-Management-Services-Inc-100071377

Desist and Refrain order on file with California Department of Real Estate:

Http://www.dre.ca. Gov

Also available at:

Http://www.ftc. Gov/os/07/090715casesummary. Pdf

This company is not licensed or otherwise authorized to collect money for loan modification services, and is under a Desist and Refrain order detailed in the above link, yet they continue to operate as a loan modification company in direct violation of this order and California state law precluding any entity to charge advance fees.

The principals of this operation are Michael Wayman and Donald Brokaw, and they have continued to collect deposits under various corporate and LLC entities, most of which should be referenced on this site. It is likely they will continue to change the name of their illicit operation to avoid scrutiny and stay just ahead of the California Department of Real Estate and Attorney General's enforcement actions.

Messrs. Wayman and Brokaw may claim that disgruntled employees or unfounded reports are unjustly harming their reputation on this site, but the simple fact of the matter is that they are operating an enterprise in direct violation of California law and Department of Real Estate regulations. These claims could not be construed as defamation because they all point to the fact that this company should simply not be in business doing loan modifications or anything to do with real estate.