California Real Estate Fraud Report

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15
Nov

Redding Man Sentenced for Mortgage Fraud

Brandon Hanly, 33, of Redding has been sentenced to four years in federal prison by U.S. District Judge William B. Shubb.

Evidence presented at his trial indicated that Hanly and others defrauded lenders from September 2005 to April 2006 by submitting inflating appraisals (appraisal fraud) and title reports with phony liens (title fraud) in order obtain loans. The title documents were in the name of TPG Investments, Inc., a shell company.

Judge Shubb rejected Hanly’s contention that he was a victim, found that Hanly had committed perjury during his trial and thus increased his prison sentence to “send a message to people who would commit this crime and who would lie about it when they come to court.”

 in federal court in Sacramento and a San Diego County loan processing firm has agreed to a civil settlement in separate mortgage fraud cases.

Read the original article in the Sacramento 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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