California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.

27
Apr

Realtor-Funded “Reverse Mortgage” for Elderly Woman Now a Lawsuit

Barulich Dugoni Law Group is representing an elderly Menlo Park woman in a lawsuit against a Realtor®.

Alexandra Banis, an attorney with the firm, says Robert Leitao  gained an interest in the home of Gunhild B. Bogue after he took advantage of her when she was facing foreclosure last year.

San Mateo has an Elder and Dependent Adult Protection Team that consists of representatives from the county’s Health System, District Attorney’s Office, County Counsel and private law firms, such as Barulich Dugoni.

Bogue is an 89-year-old whose estate is now under the conservatorship of the San Mateo County Public Guardian. The lawsuit alleges Leitao contacted Bogue after the property was listed as in foreclosure. He allegedly drafted several documents  such as a will, deed of trust and loan agreement and offered to pay her mortgage while allowing her to remain in the home until she died in exchange for her to deed him the property worth an estimated $1.4 million. According to Banis, Bogue signed the documents under duress.

Leitao denies the allegations and said he saved Bogue’s property, which was just days away from foreclosure and had amassed almost $800,000 worth of debt and a mortgage that hadn’t been paid in years.

Read the original article in the San Mateo Daily Journal.

© Copyright 2007-2017 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.

BLOG POWERED BY SHARP BIZ IMAGE

Copy Protected by Chetan's WP-Copyprotect.