California Real Estate Fraud Report

NOW THE #1 PRIVATE RESOURCE ON GOOGLE FOR REAL ESTATE FRAUD! This blog educates law enforcement and consumers as to real estate crimes being committed in California. Subscribe *for free* to the most comprehensive news source for real estate fraud and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud. – Monique Bryher

15
Jan

There’s a New Real Estate Fraud Unit in Town

The Los Angeles County Board of Supervisors is creating a new Real Estate Fraud/Predatory Lending Task Force to help homeowners who may have been victimized by predatory lending practices. Newly-elected Supervisor Mark Ridley-Thomas believes such as task force is necessary in Los Angeles County, where foreclosures have increased elevenfold in the last three years.

From 2006 to 2008, the number of home foreclosures in the L.A. County increased from 3,151 to 35,811.

The new task force may grow to include state and federal agencies

Complaints are already coming in from people victimized by the deceptive practices of home loan modification facilitators and foreclosure consultants, who often demand upfront money (ILLEGAL in the state of California) and promise the homeowner they will get them a loan modification.

Read this excellent consumer Article from the Inland Valley Daily Bulletin.

This entry was posted on Thursday, January 15th, 2009 at 10:35 pm and is filed under Loan Fraud, Mortgage Fraud, Predatory Lending, Real Estate Crimes, Real Estate Fraud. Responses are currently closed, but you can trackback from your own site.

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© Copyright 2007-2012 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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