California Real Estate Fraud Report

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16
Jan

Yorba Linda Man, Brother Charged in Loan Modification Scam

Thirty-seven year-old Carlos Jose Centeno has been arraigned on allegations he was the puppet-master of a $390,000 loan modification scam that victimized mostly Spanish-speaking persons.

Senior Deputy District Attorney Pete Pierce reported that Centeno has been charged with 121 felony counts that include conspiracy and grand theft for illegally charging upfront fees for loan modification services. His companies were called Foreclosure Prevention Department and Orange-based Debt Settlers of America.

Carlos Centeno’s co-defendants are his brother, Rick Centeno, wife, Lizeth Arzate, Susie Rabadan and Hector Valdivia.

Read the original article in the OC Register.

© 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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