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.


Broker and Obstetrician Arrested for Mortgage Fraud

The owner of Modesto-based Century 21 Apollo, who founded his company more than 26 years ago, and a obstetrician have been arrested on suspicion of mortgage fraud.

The Stanislaus County district attorney’s office arrested James Lee Lankford, 69, Stelios Papdopoulos, 74, a Century 21 broker in Lankford’s office, and Dr. Dennise Ann Davis, 55, an obstetrician with Sutter Gould Medical Foundation in Modesto were all arrested.

According to an affidavit filed with the Stanislaus County clerk by the district attorney’s office, the real estate agents helped Davis obtain a second mortgage on the home she was purchasing, which was used as a down-payment without the knowledge of the first lender. All three defendants filed fraudulent paperwork eliminating the second loan after the lender, a private party, died. The fraud was discovered by the nephew of the second lender when going through paperwork following her death.

Read the Full Article in The Modesto Bee.

© 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.


Copy Protected by Chetan's WP-Copyprotect.