Costa Mesa, CA 92626-2199
11 October 2013 | Disbarred (11 years, 6 months ago) Disbarment 12-O-11213 |
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2 July 2013 | Not eligible to practice law in CA (11 years, 10 months ago) Suspended, failed to pay fees |
11 May 2013 | Not eligible to practice law in CA (11 years, 11 months ago) Ordered inactive 12-O-11213 |
21 December 2012 | Disciplinary charges filed in State Bar Court 12-O-11213 (12 years, 4 months ago) |
2 June 2006 | Admitted to the State Bar of California (18 years, 11 months ago) |
October 11, 2013 RAVI JAIN [#242860], 38, of Costa Mesa, was disbarred Oct. 11, 2013 and ordered to comply with rule 9.20 of the California Rules of Court and pay restitution. Jain stipulated to misconduct in one client matter including charging advanced attorney fees for loan modification services, misappropriation and failing to maintain client funds in his client trust account.In 2010, a couple hired Jain to perform home loan modification services on their behalf. Jain charged them $2,000 in upfront fees even though he had not completed all of the services he had been hired to do. The couple then asked Jain to perform home loan modification services with respect to their second mortgage, and he charged them $1,100 in advanced fees. When the couple wanted more services completed in regard to the first loan, he charged them an additional $10,000 in fees.In December 2010, Jain told the couple that he had reached a settlement with the loan servicing company associated with their second mortgage whereby they could pay off their entire second mortgage for $22,000. Although the couple gave Jain the money prior to the agreed-upon deadline, he did not put the money in trust and only paid $6,000 to the loan servicer. Jain misappropriated the remaining $16,000.The couple lost their home to foreclosure and fired Jain, asking him to refund the $34,100 they paid him. At the time of his disbarment, Jain still owed the couple $10,100. He was ordered to pay them that amount plus interest in restitution.Jain received limited mitigation for cooperating with the State Bar. |