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.


Four Guilty Pleas in 1st American Law Center Loan Modification Fraud Case

Four men associated with 1st American Law Center have pleaded guilty to conspiracy charges in San Diego federal court of fleecing desperate homeowners of more than $11 million in a loan modification fraud.

Gary Michael Bobel, 59, Scott Thomas Spencer, 35, Mark Andrew Spencer, 32, and Travis Corey Iverson, 35, have entered their guilty please. A fifth employee, Roger Trent Jones, pleaded guilty last year and was sentenced to 21 months for his participation.

Gary Bobel opened up the loan modification business in 2008 with business partner Dean Chandler, who paid for the advertising. Homeowners were charged from $1,995 to $4,495 for loan modification “services” and were told, falsely, as it turned out, that a team of attorneys at the firm had a 98% success rate in getting homeowners the loan modifications they needed.

Read the original article in Click here to watch a video recording of the story on If you google “1st American Law Center” you will find many complaints about this business that have been posted.

© 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.