California Real Estate Fraud Report

You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day. Sign up for a free subscription to this comprehensive news resource and receive weekly, timely news reports about real estate fraud, mortgage fraud, short sale fraud, REO fraud, title fraud, loan fraud, appraisal fraud, affinity fraud, loan modification scams, securities fraud and elder financial fraud.


Newbury Park Man Arrested for Foreclosure Fraud

The owner of a Newbury Park firm that promised to help property owners in foreclosure stay in their homes has been arrested and charged with 10 counts of mail fraud.

John Marcus Desenberg, 44, was arrested by the FBI after its investigation into the practices of his business Creative Lending Solutions, which focused on distressed homeowners in Merced and Placer Counties. Desenberg allegedly solicited these homeowners to sell their homes to “investors,” who would allow the homeowners to remain in their homes while the investors made the mortgage payments. After a year of purportedly rebuilding their credit, the homeowners would be allowed to purchase their homes.

In reality, Desenberg, according to the indictment, did not monitor either the payments by the investors or the credit of the homeowners and their homes fell into foreclosure (real estate fraud, foreclosure fraud).

Read the original article in the Central Valley Business Times.

© Copyright 2007-2017 Monique Bryher

Legal Disclaimer.

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.

ALL RIGHTS RESERVED. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the author, except for the inclusion of BRIEF QUOTATIONS in a review.


Copy Protected by Chetan's WP-Copyprotect.