California Real Estate Fraud Report

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12
Jan

Large-Scale Rent Skimming Scheme Alleged in San Diego

Realtors® in the community of Chula Vista are speaking up about a firm that they allege is illegally renting out listed homes and making a lot of money doing so.

The firm, called “Prudent Constituents Association,” is allegedly filing fradulent quitclaims in San Diego County, then taking possession of homes that legitimately belong to others. Realtor® Steve Lemack says “They’ll take off the lockboxes that are on [the homes], take all the signs down, they change the locks and they put up their own signs.” He says further that PCA is charging renters $2,000 per month and that they control 30 properties or more.

The Prudent Constituents Association is purportedly a non-profit formed by Derrick and Diane Brown after their own home was foreclosed. Diane Brown, who also goes by the name Harmony stated All these homes where people are being evicted by the lenders are wrongful evictions.” 

Neither the Chula Vista Police Department nor the San Diego County District Attorney’s Office, both of which were contacted by real estate agents, would acknowledge they are investigating PCA.

A note to prospective renters: I could not find any registration of the PCA as a non-profit, nor do they have a prominent (if any) website. This should be a hint that you might be dealing with an organization that is not legitimate and that you should investigate them further.

Read the original article in San Diego’s 10News.

© 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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