California Real Estate Fraud Report

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Phony Camarillo Agent Pleads Guilty

Ventura County prosecutors have taken another criminal off the streets. Manuel “Manny” John Perez Jr. pleaded guilty to four felony grand-theft charges in connection with a real estate scheme that caused more than $3 million in losses. Perez also pleaded guilty Monday to the felony charge of nonsufficient funds on a closed financial account. His expected sentence is 10 years and 8 months, as well as paying restitution to his victims.

Miles Weiss, who heads the Ventura County District Attorney’s unit for real estate fraud, stated that Perez, 36, of Oxnard, bilked sellers, real estate agents and lenders (Perez was unlicensed) by submitting fraudulent applications through his businesses that included inflating both the incomes of the buyers and the appraisals for the homes, mostly single-family residential.

Read the Full Article in the Ventura County Star.

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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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