California Real Estate Fraud Report

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18
Dec

Prison Time for Man Who Stole Notaries’ Identities to Commit Real Estate Fraud

One of two brothers who committed $6 million worth of foreclosure fraud by stealing the identities of notaries (notary fraud) and forging scores of grant deeds (title fraud) is going to prison for 12 years.

John Zepeda, 60, pleaded guilty to rent skimming, forgery, identity theft and conspiracy to commit grand theft. Zepeda apparently did not spend all his ill-gotten gains, as he has agreed to pay restitution to his victims.

John Zepeda  held seminars in counties across California and in Nevada for distressed homeowners and promised to help them prevent foreclosure (foreclosure consultants). They somehow convinced the homeowners to either sign a quitclaim deed or transfer the properties directly to them. They would then rent out the properties, file bankruptcies to forestall the foreclosures and use the rent monies to provide themselves with exotic cars, jewelry and other expensive items.
 
David Zepeda, John Zepeda’s brother, has also been charged but is a fugitive.
 
Read the original article in 10News.com of San Diego.

 

 

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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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