California Real Estate Fraud Report

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Charges Filed Against Foreclosure Scam Artists by California Attorney General’s Office

Two con artists who targeted Spanish-speaking and Southeast Asian homeowners in foreclosure are being arraigned today for felony fraud and theft at their Fresno-area business.

Angeline Lisa Lizarrago, 68, of Fremont and Michael Douglas Young, 67, of Los Gatos, the respective owner and general manager of Avemos Financial Group, are accused by California Attorney General Edmund G. Brown’s office of charging upfront fees to distressed homeowners in return from stopping lenders from foreclosing on their homes.  The waiting room of Avemos was adorned with figurines of the Virgin Mary, apparently used as a prop to convince the homeowners of Lizarrago’s and Young’s sincerity.

Among the victims of Lizarrago and Young were an 89-year-old man and his wife, who lost $25,000 to the pair after they promised to find them a home in Fremont but failed to do so and did not return their money.

wanted to move away from Stockton, that she owned 51 properties, many of which had been foreclosed upon, and she could find them a home in Fremont. She asked for an up-front fee, which she promised to return with interest once the purchase was made. In a series of payments, the couple gave Lizarrago $25,000. She never found them a home, nor returned their money.

The case was investigated and prosecuted jointly by the Attorney General and the Alameda County District Attorney. They were assisted in the investigation by the California Department of Real Estate and the Fremont Police Department.

Read the press release by the California Office of the Attorney General.

© 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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