California Real Estate Fraud Report

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Developer Sued by Lenders in Alleged Title Fraud

A developer in Stanislaus County with an ambitious plan to build a “lifestyle center” replete with movie theaters, Sheraton Hotel, restaurants and shops near a Kaiser hospital is being sued by lenders for loan fraud.

Aruna Chopra and her family of real estate developers are accused by the lenders of concealing that Chopra owed the previous owner of her property $6.4 million. She then leveraged the land in order to obtain $2.5 million from a lender. The accusations are that a forged document was recorded to show a partial reconveyance of the property. The attorney for one of the lenders says that another forged document was recorded that rescinded the first forged document (title fraud, if proven).

In addition to the civil action, the lenders notified the Sheriff’s Department and the FBI.

Read the original article in the Modesto Bee.

© 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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