California Real Estate Fraud Report

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Shon-Te-East-A Focus of Title Fraud Investigation

An organization promising to help homeowners in foreclosure by making their mortgages “disappear” is the apparent target of an investigation by the FBI in Sacramento and other states.

A number of now-former owners say that Shon-Te-East-A and its “archbishop” John Michael DiChiara promised to eliminate their deeds of trust and save their homes by requiring upfront fees (called an “initiation” fee, presumably to the church) of over $5,000, monthly payments of $1,500 to DiChiara and a quitclaim deed signed by the homeowners. Chris Estrada and Kirk Heintz, both of San Clemente, quitclaimed their homes to DiChiara. Wells Fargo Bank is now suing Heintz, claiming he was part of the fraud to put a cloud on the home’s title.

Read the full article in News10.

© 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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