California Real Estate Fraud Report

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26
Jul

Stanislaus County DA’s Office Going Hard after Real Estate Fraud

White-collar crime has the attention of the Stanislaus County District Attorney’s Office, as several defendants have found out recently.

Referring to recent cases, Jeff Mangar, a prosecutor with the Stanislaus County DA’s real estate fraud unit says, “There is an emphasis on real estate professionals because of higher standards and the trust people place in them.”

In order to avoid foreclosure on the Papillon Drive home on which he owed $1.4 million, Phil Sotelo pretended he was a representative for his lender in order to deed the property to his own corporation. For making that choice, Sotelo, who owned Realty Executives Sotelo & Associates, has accepted a six-month jail sentence for filing phony documents (title fraud).

Gerald Jeffery, 39, already in possession of a previous felony strike conviction, has entered another plea for impersonating the owner of a property he did not own, changing the locks and renting it on Craigslist (rent fraud, Craigslist fraud). The alert renter met the real owner and authorities caught Jeffrey by setting up a sting.

Modesto resident Mark Redding, 49, pleaded guilty to a misdemeanor charge of operating a property management company without a state license, for which he was fined $1,000 and order to repay his clients. Redding was caught when one of his former clients filed a complaint with the California Bureau of Real Estate and found out Redding Property Management Co. was uninsured.

Gabriel Albor, once the owner of Escalon-based Fidelity First Mortgage, is awaiting a possible six-month jail sentence for filing a fraudulent document to prevent foreclosure on his wife’s property.

 Read the original article in the Modesto Bee.

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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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