California Real Estate Fraud Report

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Crime Pays for Two Brothers – But Not Forever

Brothers David and John Zepeda have reached the end of the trail of their quest to live the high life, according to the San Diego County District Attorney’s Office. The enterprising pair have been charged with 104 felony accounts including identity theft, forgery, grand theft, rent skimming and conspiracy in a con that involved dozens of properties, over 300 victims and losses to those victims of $1.5 million.

The con occurred when the brothers acquired properties in foreclosure by convincing their victims to transfer title to them so that they could “save” the properties from foreclosures. Forged quitclaims and forged deeds were integral to the acquisition; the properties were then rented out.

Said San Diego County Dist. Atty. Bonnie Dumanis, “This is yet another example of the various types of foreclosure scams we continue to see in the county.

Read the full article in the Los Angeles Times.

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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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