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

Archive for the 'Uncategorized' Category

New allegations of fraud in Hurst Financial bankruptcy

December 11th, 2009 at 11:56am

In the ongoing legal battles fought by investors and creditors to recover monies lost through their dealings with Hurst Financial, Cuesta Title and developer Kelly Gearheart, the bankruptcy trustee assigned to the voluntary bankruptcy case of Hurst Financial’s president is alleging fraud by Miller and his wife Laurel Miller.

Jerry Namba, the bankruptcy trustee, filed a lawsuit against Laurel Miller, in which it is alleged she and her husband illegally transferred the proceeds from the sale of their home into Laurel Miller’s name in order to defraud creditors. According to Namba, the FBI, the US Attorney’s Office and an impaneled federal grand jury are also investigating Jay Hurst Miller for criminal wrongdoing.

Read the Full Article in the San Luis Obispo Tribune.

Posted in Uncategorized by: Monique Bryher

Latest FBI Statistics on Nationwide Mortgage Fraud

October 26th, 2008 at 9:34am

The Federal Bureau of Investigation (FBI) has published its latest statistics on mortgage fraud across the country.

Quick snapshots: California ranks 4th in the country (behind Florida, Nevada and Michigan) in “significant” reports of mortgage fraud in 2008; total estimated losses to mortgage fraud in 2008 - $4 - $5 billion; and in 2008: 523 indictments, 282 convictions.

Click here to read the full compilation of FBI statistics on mortgage fraud.

Posted in Escrow Fraud, Loan Fraud, Mortgage Fraud, Other R.E. Crimes, Real Estate Fraud, Title Fraud, Uncategorized by: Monique Bryher

© Copyright 2007-2008 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 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.