California Real Estate Fraud Report

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Elderly Encino Couple Victims of Quit-Claim and Title Fraud

Here is a tale of real estate fraud that occurred in Los Angeles:

Leonard and Elaine Skaist are in their 70s and live in Encino in a home that is paid off. In 2007, to their horror, they discovered that title documents filed with the County Recorder indicated that they had quit-claimed their home to Hamid Reisi. Further, a man named Gene Spector used the forged deed of trust to obtain a $300,000 loan against the home.

The Skaists hired an attorney to help them get their home back. Reisi denies that he filed the documents (title fraud) and quit-claimed the property back to the couple. The Skaists took both Hamid Reisi and Gene Spector to court and obtained a $120,000 judgment against them.

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© 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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