California Real Estate Fraud Report

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Guilty plea in San Jose real estate fraud case

A San Leandro woman is looking at four years in prison after pleading guilty to defrauding an elderly, disabled woman in San Jose. If it were not for a concerned neighbor of the victim who contacted the Santa Clara County District Attorney’s real estate and elder-dependent adult fraud unit, this criminal would have gotten away with her crimes.

Diana Marks, 45, conned the victim into gift-deeding her property to Marks. The property had been paid off except for $26,000 in liends and was worth approximately $300,000. After gaining title, Marks refinanced the home, spent the money on herself and her family and let the property go into foreclosure.

The victim lost all of her money. Whether she gets the restitution from Marks as ordered, remains to be seen.

Read the full article in the Silicon Valley Mercury News.

© 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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