California Real Estate Fraud Report

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Carlsbad Police Serve Bitter Coffee in Real Estate Fraud

Two Oceanside men thought they were committing the perfect crime: re-selling “bank-owned” properties multiple times. Now they’ve been arrested in a sting by Carlsbad police and are facing charges of conspiracy to commit a crime, six charges of filing a false instrument and four charges of grand theft.

Wesley Christman, 27, of Cristman Title and Loan Investments had already sold a home on Westport Lane with tenants to an investor. The investor liked the deal so much, he entered into a second escrow with Christman. But when the tenants called in a frenzy, saying deputies from the San Diego Sheriff’s Department and a representative from the bank had appeared at their door to evict them, the investor called police.

Wesley Christman was arrested by police at a Starbucks in Vista after they observed him signing the closing documents with the investor and the notary, who was unaware of the fraud. Also arrested and charged was Michael Mayfield, 30, an employee of Cristman Title and Loan Investments.

Read the original article in the North County Times.

© 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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