California Real Estate Fraud Report

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Two Foreclosure Consultants Sentenced for Loan Modification Fraud

Two Bay Area men who were convicted of one count of foreclosure consultant fraud are going to jail for 90 days each. They have already paid restitution of $40,000 to the 14 victims they scammed.

Cary Jay Silberman, 53,  and Robert Francis Childs, 44, ran a tag-team loan modification scam. Childs ran seminars for real estate agents in Santa Clara County and Contra Costa County in order to receive referrals for homeowners in distress. He then referred them to Silberman, who operated the loan modification business.

Silberman, who resigned from the California State Bar in 1997, was also convicted of one count of practicing law without a license, as he represented that he was a licensed attorney.

Read the original article in the San Jose Mercury News.

© 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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