California Real Estate Fraud Report

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12
Jul

Tulare Man Arrested in Multi-County Loan Modification Scam

Tulare County resident Ricardo Melgoza has been charged with over 15 counts of grand theft and burglary in what authorities said was a loan modification scam that occurred in Tulare, Fresno and Kern counties and targeted Spanish-speaking homeowners.

Melgoza, 43, was arrested in Southern California, who may be in this country illegally, is being held on an immigration hold.

According to investigators, Melgoza charged his victims, whom he met through Spanish-language advertising media, between $1,500 and $3,400 of upfront fees in exchange for a promise to obtain a loan modification. It has been illegal since 2009 to charge advance fees for such services.

Once Melgoza had the fees in hand, he informed the homeowners he was unable to obtain the loan modification and referred them to two attorneys, David Robinson and Mark Shoemaker. Robinson and Shoemaker are disbarred attorneys; Robinson was already barred from the practice of law one year prior to the start of the loan modification frauds.

Deputy Attorney General Leslie Westmoreland with the Special Crimes Unit of the California Attorney General’s Office is prosecuting the case.

The California Bureau of Real Estate worked the California Department of Justice in the case.

Read the original article in the Visalia Times.

© 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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