California Real Estate Fraud Report

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San Diego man convicted on 160 counts of real estate fraud

Four hundred homeowners who were ripped off by William Hutchings, 63, are happier now that Hutchings has been convicted of a jury of 160 felony counts of conspiracy, rent skimming, grand theft and violations of California’s mortgage laws. Five of his co-conspirators have also pleaded guilty in a criminal enterprise that appeared to target mostly church-going Latinos.

According to prosecutors, William Hutchings told the victims that there homes could be temporarily transferred to the federal government via a land grant or land patent, where it would be protected from creditors and foreclosure. For this “service”, Hutchings charged $10,000.

My question: if these victims had $10,000 – why didn’t they pay their mortgages?

Hutchings faces a possible sentence of 49 years for the estimated $2 million he was accused of stealing by taking control of the victims’ properties.

Read the full article by Onell R. Soto in the San Diego Union Tribune.

© Copyright 2007-2018 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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