California Real Estate Fraud Report

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14
Jan

Pacifica Woman Escapes Loss of Home to Elder Financial Fraud

An 89 year-old widow narrowly avoided losing her home to foreclosure by a scam artist in a case of elder financial fraud and elder financial abuse involving numerous lenders.

Fetuu Tupoufutuna was a contractor doing work on the home that Pauline Reade has lived in since 1951. Because she lives alone and has very poor vision, he was able to worm his way into her life, eventually becoming the executor and sole beneficiary of her will.

Tupoufutuna convinced Mrs. Reade to take out numerous loans on her home, resulting in defaults. It was after she received a Notice of Trustee Sale that Reade, with the help of a neighbor, contacted police, Hope Nakamura of the Legal Aid Society of San Mateo County and Niki Okcu of the law firm of Cotchett, Pitre & McCarthy, which took the case pro bono.

The case was just settled against all the parties, including RBS Financial Products, Inc. Deutsche Bank National Trust Co., GMAC Mortgage, LLC, Mortgage Electronic Registration Systems, Inc. (MERS), Executive Trustee Services, Paul Financial, Fetuu Tupoufutuna and Mohammed Ali George. Fetuu Tupoufutuna fled the U.S. in the meantime.

Read the full article in the San Mateo Daily Journal.

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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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