California Real Estate Fraud Report

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3 Sisters Charged in $13 Million Mortgage Fraud

Three sisters have been charged in connection with a $13 million real estate fraud that involves over 20 properties in scam involving more than 20 properties located mostly in the Antelope Valley, north of Los Angeles.

Brenda Felix, 52, is charged with 75 counts. Her sisters Lessa Patten, 37 and Cynthia Emerson, 58 are charged with 37 and seven counts respectively and are alleged to have played the role of straw buyers in a 76-count criminal complaint that includes grand theft, attempted grand theft, procuring and offering a false or forged instrument; forgery; perjury; and failure to file income tax returns. Felix is alleged to have set up the plan to purchase the properties using straw buyers.

Awaiting arraignment are Nelson Cabral, 52, and Bryan Deters, 50, both of whom are alleged to have facilitated the loan process for the straw buyers. Two others, Valentine Awosika, 55, and James Jackson, 62, are the subjects of arrest warrants in the case.

Read the full article in the Downey Patriot.

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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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