California Real Estate Fraud Report

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A woman out on bail when she committed new crimes has been sentenced to five years for operating a mortgage rescue scam, according to a press release by Attorney General Kamala D. Harris.

Angeline Lisa Lizarrago, 69, soon to be formerly from Fremont, was sentenced today to five years for a foreclosure scam in which numerous homeowners in the Bay Area and Central Valley were victimized by her illegal foreclosure prevention business, Avemos Financial Group. She had been charged with 23 counts of felony fraud and theft.

Michael Douglas Young, 68, the general manager of Avemos, has also been charged and will be tried in January 2012.

Lizarrago and Young had a unique marketing tactic that included placing shrines of the Virgin Mary in the lobby of their business. As with many foreclosure fraud schemes, theirs included requiring the payment of upfront fees, which is illegal in California.

The case against Lizarrago resulted from the combined efforts of the California Attorney GeneralAlameda County District Attorney Nancy E. O’Malley, the California Department of Real Estate (DRE) and the Fremont Police Department.

Read the press release for the California Attorney General.

© 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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