California Real Estate Fraud Report

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15
Jun

Kern County District Attorney and Realtors Form New Task Force

Kern County District Attorney Lisa Harris has announced the formation of a special task force between her office and local Realtors® to combat real estate fraud and mortgage fraud.

DA Harris’ group is patterned after the same group formed in 2006 by the Ventura County Coastal Association of Realtors. That group, the Ventura County Real Estate Fraud Advisory Team (REFAT), connected investigators from the Ventura County District Attorney’s Real Estate Fraud Unit and local real estate agents, , brokers, lenders, escrow and title companies. Representatives meet regularly to share information about suspicious activity in the local housing market. They also produce and disseminate educational materials and consumer alerts via a website: http://refat.org/.

The task force will be an invaluable tool to homeowners and consumers because Bakersfield is one of the country’s hot spots for mortgage fraud and real estate fraud. According to DA Lisa Harris, the most common real estate crime is still loan modification fraud, whereby crooks promise to help homeowners in distress avoid foreclosure in exchange for a fee. Advance fees have been illegal for this type of service since 2009 in California.

Read the original article in the Bakersfield Californian.

© Copyright 2007-2017 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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