California Real Estate Fraud Report

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17
Jul

Good News for Homeowners in Southern California

The FBI has announced that a new, multi-agency task force has been formed in Los Angeles to deal with the growing problem of mortgage fraud. The name of the task force is SCAM (Southern CAlifornia Mortgage)  and it will focus on both fraud-for-profit and fraud-for-housing.

Participating agencies include the United States Attorney’s Office- Central District of California; IRS- Criminal Investigation; the U.S. Postal Inspection Service; the Small Business Administration- Office of Inspector General; the Social Security Administration- Office of Inspector General; the United States Attorney’s Office; the U.S. Trustee Program; the U.S. Department of Housing and Urban Development- Office of General Inspector; the Department of Veterans Affairs; and the Federal Deposit Insurance Corporation- Office of Inspector General.

If you have information you would like to report regarding illegal mortgage or loan schemes, contact the SCAM Task Force at their tollfree tip line at (866) 959-SCAM (7226). Online complaints may be sent to SCAM@ic.fbi.gov.

Read the Full Article from The Thousand Oaks Acorn.

© 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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