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. *** AS OF NOVEMBER 2017, THE CALIFORNIA REAL ESTATE FRAUD REPORT IS 10 YEARS OLD! ***


Man Who Stole South L.A. Homes Sentenced under Three-Strikes

A man who conned elderly people out of their houses in South Los Angeles (elder financial fraud, elder financial abuse), helping himself to nearly $900,000 in their equity, has been sentenced to 25 years to life in prison under California’s three-strikes law.

Superior Court Judge Stephen A. Marcus didn’t mince words when describing Timothy Barnett, 49, of An Orange County, saying,  “The worst thing you can do is take somebody’s home” and “Even Bernie Madoff didn’t take people’s homes from them.” Judge Marcus presided over Barnett’s trial, after which the career white-collar criminal was convicted of 17 felony counties of tricking his victims into granting the title to their homes to him. The victims were already in financial distress when Barnett contacted them, prayed with them and promised to help save their homes (loan modification fraud, loan modification scams).

Timothy Barnett’s defense attorney, Amy Konstantelos, promised to appeal, stating that three-strikes was never meant to apply to non-violent offenders.

Read the original article in the Kansas City Star.

© Copyright 2007-2018 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.