California Real Estate Fraud Report

You have just entered the #1 private-sector resource on Google for real estate fraud in California. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over into the Dark Side, the realm where dishonesty, conniving and evil are the order of the day. Sign up for a free subscription to this comprehensive news source and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud, rent skimming and elder financial fraud. No advertising is accepted so that my subscribers know my writing is free of influence by deep-pocket institutions.

31
Aug

President of 21st Century Financial Resources in Paso Robles Charged

Linda Kennedy, 49, of Paso Robles woman, has been charged with four felonies in connection with an alleged real estate investment fraud that involved hard money loans in the amount of $1.3 million. She has pleaded not guilty.

Kennedy was arrested this past July. She was president of 21st Century Financial Resources Inc., which pooled investors’ monies into securites collateralized by real estate deeds. Her firm has been under investigation by state agencies since 2005, when an audit by the California Department of Real Estate found accounting discrepancies.

Linda Kennedy’s real estate broker’s license was revoked by the DRE in 2006.

Read the original article in the San Luis Obispo Tribune.

This entry was posted on Friday, August 31st, 2012 at 10:55 am and is filed under Hard Money Loan Fraud, Real Estate Investment Fraud. Responses are currently closed, but you can trackback from your own site.

«
»

Comments are closed.

© Copyright 2007-2013 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetans WP-Copyprotect.