California Real Estate Fraud Report

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04
Nov

Visalia Man Arrested for Foreclosure Fraud

The Tulare County District Attorney’s Office has used the horsepower of its five-year old real estate fraud unit to file charges against three men, accusing them of committing foreclosure fraud.

Julio Garcia Cedillo, 33, of Visalia, the manager of Blue Pacific Financial, a loan modification business, was arrested last week and charged with two felony counts of foreclosure fraud. Cesar Martinez, 28, and David Martinez, 30, also of Visalia, are also named in the complaint, but it is unknown if they will also be arrested.

Cedillo is accused of taking upfront money from homeowners whose properties were in foreclosure and who sought his assistance obtaining loan modifications. A state law that was passed in 2004 forbids taking advance money for loan modification assistance.

As of the date of this posting, Blue Pacific Financial still has an active web site.

Read the full article in the Fresno Bee.

© 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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