California Real Estate Fraud Report

This report spotlights real estate professionals and businesses lacking the ethics and conscience to treat their fellow humans in a fair, honest and upstanding manner. It is a clearinghouse for real estate fraud, mortgage fraud, loan fraud, appraisal fraud and elder financial fraud occurring in California, especially Los Angeles and Southern California. - Monique Bryher

25
Jan

Crisp and Cole appraiser faces licensing hearing

Appraiser Kirksey J. “Mark” Newton Jr. recently faced and administrative law judge who could decide whether Newton gets to keep his appraiser’s license.

Newton, who performed appraisals regularly for defunct Crisp and Cole in Bakersfield, was accused by California Deputy Attorney General Gillian E. Friedman of being “an integral part of a real estate fraud that continued from 2005 to 2007″. Newton’s defense attorney in turn accused fellow appraisers Gary Crabtree and his son-in-law James Henderson of turning his client in to the FBI in order to remove him as a competitor.

The Office of Real Estate Appraisers (OREA), the licensing agency for appraisers in Californa, is conducting itw own investigation of Newton and his company, San Joaquin Appraisals.

Read the Full Article in the Bakersfield Californian.

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© Copyright 2007-2008 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 and appraisal fraud 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.