Three Los Angeles men have been charged with foreclosure consultant fraud and grand theft by the Ventura County District Attorney’s Office for operating an alleged home loan modification scam.
Nino Vera, 52, Rene Solis, 52, and Hector Menendez, 56 ran the ersatz foreclosure rescue program under the business name Sunset Beach Management. They are accused of charging advance fees (illegal under SB 94 passed in 2009) of several thousand dollars each from homeowners in exchange for promising to modify their home loans and prevent foreclosure.
The investigation was carried out by the Ventura County District Attorney’s real estate fraud unit.
Read the original article in the Ventura County Star.