California Real Estate Fraud Report

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Modesto Agent Testifies in Her Own Real Estate Fraud Trial

Carlos Gonzalez thought he was buying the home in Newman, near Modesto, when he gave his real estate agent $22,000. But he had bad credit and was unemployed, so Erica Burdg, his agent, convinced Gonzalez to let her husband buy the house as an investor.

Burdg is now on trial for allegedly swindling Gonzalez out of his $22,000. She says her husband purchased the home and rented it back to Gonzalez for $1,200 a month in order to establish a history of making regular payments. Gonzalez says he thought he had purchased the house and was unhappy to find out that Burdg’s husband was making mortgage payments of ony $900.

Although Burdg stated she should have returned the $22,000 to Gonzalez, she sold the home to her son and collected $1,000 from the bank as a fee for selling it at a higher interest rate.

Read the original article in the Modesto Bee.

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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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