California Real Estate Fraud Report

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12
Jul

Defendant in “Cash for Keys” Fraud Arrested

This is a case of a novel form of fraud.

“Cash for Keys” is a phrase used to describe payments lenders make to homeowners to entice the latter to move out of their foreclosed homes in a timely fashion and without vandalizing them.

Eimbari Kemet, 48, aka John Woodrow Smith, was wanted for allegedly breaking into empty foreclosed homes in Rancho Cucamonga, pretending to be a tenant and then demanding the banks pay him Cash for Keys to move out peacefully. He had been wanted by the San Bernardino County District Attorney’s Office on felony real estate fraud charges since February 2012 but was arrested in Georgia after the police stopped him for driving with a broken tail light.

A suspected accomplice of Kemet’s, Quddusa Lynette Anderson, 38, of Patton, has already been sentenced  to 252 days in county jail and ordered to pay restitution to the victims, which in her case were Bank of America and Freddie Mac.

Read the original article in the Press Enterprise.

© 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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