California Real Estate Fraud Report

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22
Apr

Granada Hills Agents Arrested for Escrow Fraud

Two licensed real estate agents have been arrested and charged with six counts of grand theft, including allegations of fraud and embezzlement, according to the Los Angeles County District Attorney’s Office. They are accused of stealing up to $1 million from people wanting to purchase homes.

Leroy M. Sennette, 80, of Granada Hills, a licensed broker, and Neelam “Nancy” Bhatia, 50, of Porter Ranch, a licensed real estate agent and owner of Click and List Realty Inc. are alleged to have taken the victims’ money for their own use that should have been deposited into escrow or other trust accounts.

Bhatia also owned Home Club International, Inc. in Granada Hills, with her husband.

Leroy Sennette’s real estate broker license has been revoked, as has the real estate license of Neelam Bhatia.

Read the original article in the Contra Costa Times.

© Copyright 2007-2017 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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