Victims of a Petaluma real estate agent whom prosecutors ripping off at least 100 persons in the Bay Area in an alleged mortgage fraud scam are outraged at the terms of his settlement with state prosecutors.
Miguel Angel Lopez-Soleta, 44, pleaded no contest to felony grand theft and embezzlement from an elderly person through his Rohnert Park business, Mortgage Modifiers, in 2012.
Lopez-Soleta will only serve one year in jail and receive five years of probation.
According to former client Robert Gillis, whose mother lost her Novato home to foreclosure because of Lopez-Soleta, “It’s totally unacceptable. None of the victims agree with it. They are so upset.”
Caroline S. Chen, the deputy attorney general handling the case for Attorney General Kamala D. Harris, did not return a call Thursday seeking comment.
The only good bit of news is that the real estate license of Miguel Angel Lopez-Soleta has been revoked by the California Bureau of Real Estate.
Read the full article in the Press Democrat.