California Real Estate Fraud Report

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Real Estate Agent Caught Stealing Title to Parents’ Home

An unemployed real estate agent in Clayton has been one of the first bad guys to get caught by a new computer system in Contra Costa County designed to catch those who forge grant deeds to properties (title fraud).

Walter Roberts, 63, forged the signatures to a grant deed to his elderly parents’  home (elder financial abuse, elder financial fraud). In just two weeks, the newly-implemented computer system in Contra Costa County mailed a notification, which Roberts’ five siblings read, causing them to contact authorities. As a result, the 92- and 85-year old parents still own their property.

Ken McCormick, the deputy DA who heads the Contra Costa County District Attorney’s Real Estate Fraud Unit was quoted as saying,  “Quite frankly, we would never have caught (the suspect) under the old system.”

Read the original article in the San Jose Mercury News.

© 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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