California Real Estate Fraud Report

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Moorpark Man Charged with Using Straw Buyer to Refinance His Home

The office of the Ventura County District Attorney has charged Antonio Pena, 39, of Moorpark with two counts of grand theft and one count of money laundering in a real estate fraud involving a home he once owned.

The home, located at 4855 Penrose Avenue in Moorpark, belonged to Pena and another man until April 2008, when it appears to have been foreclosed by Fremont Investment and Loan.

The case arose from Pena allegedly using a straw buyer to refinance the debt on his home.

In addition to the above charges, Pena was additionally charged with “excessive taking enhancements for stealing over $200,000 in a transactions” and with an “aggravated white-collar crime enhancement for having stolen more than $100,000 while committing two or more related felonies,” according to the D.A.’s office. He also allegedly forged numerous signatures on the loans (loan fraud) and the deed of trust (notary fraud).

Read the original article in the Moorpark Patch.

© Copyright 2007-2018 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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