California Real Estate Fraud Report

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Sacramento Victim of Mortgage Fraud Still Waiting for Court-Ordered Restitution

Telesfor Lucero Jr. lived in a home in the North Highlands area of Sacramento for 15 years before he fell victim to a mortgage rescue scam. Lucero, who had injured his back on the job in 2005, was waiting for his workers’ compensation payments but became delinquent on his mortgage  payments. In stepped Timothy Hogue, who offered Lucero a mortgage rescue plan, which apparently consisted of having Lucero sign over his home to a Kim Roth, who would make the payments, lease the home back to Lucero and sell it back to him once he started receiving his workers’ compensation funds. Instead, Kim Roth sold the title to another party and Lucero lost his home.

Superior Court Judge Louis Mauro order Timothy Hogue to compensate Lucero $30,000 but the victim has received only one payment of $53.12, even though Hogue is thought to be working. That’s because budget cuts in Sacramento County have created staff shortages, so there appears to be no one enforcing the court’s order.

Read the full article in the Sacramento Bee.

© 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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