California Real Estate Fraud Report

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16
Oct

Santa Barbara DA Announces Conviction in Real Estate Fraud Case

A Santa Maria woman has pleaded no contest to 15 real estate fraud-related counts, according to the Santa Barbara County District Attorney’s office. The charges were 12 felony counts of Grand Theft, 3 felony counts of Engaging in Prohibited Practices of a Foreclosure Consultant and 2 misdemeanor counts of Unlawfully Collecting Advance Fees.

Jessica Lynn Orca ran afoul of a state law enacted when Governor Jerry Brown was the California Attorney General. The law forbids businesses or individuals from collecting advance fees for providing loan modification services (loan modification fraud). In Orca’s case, as with many, the money went into her pocket and not toward making mortgage payments for her victims or providing any kind of foreclosure prevention services.

According to the trial judge, he plans to sentence Orca to 7 years in prison, but she will probably serve only two years in County jail.

Read the original article in KEYT.com.

 

This entry was posted on Tuesday, October 16th, 2012 at 12:05 pm and is filed under Loan Modification Fraud, Loan Modification Scams, Mortgage Rescue Fraud, Mortgage Rescue Scams. Responses are currently closed, but you can trackback from your own site.

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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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