California Real Estate Fraud Report

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Guilty Plea Lands Foreclosure Scammer in State Prison for Nearly 5 Years

From 2008 to 2010, Rudy J. Calderon masqueraded as a foreclosure consultant in the Fresno area, swindling more than a dozen distressed homeowners out of money (loan modification fraud, loan modification scams) and property worth over $300,000.  He promised mortgage relief via loan modifications that would lower payments, principle, and interest rates.  In several instances, he visited victims in their homes and persuaded them to deed their property to him so that he purportedly could either negotiate with lenders or assume the loans himself.  Calderon performed no services and was never licensed to conduct such transactions.

The Fresno County District Attorney’s Office, the California Department of Real Estate (DRE) and the California Department of Justice (DOJ) investigated Calderon; the Attorney General’s Mortgage Fraud Strike Force prosecuted the case; the prosecutor was Leslie Westmoreland.  On March 27, 2010, DOJ agents arrested and jailed Calderon.  On May 14, 2012, pending a preliminary hearing, Calderon pled guilty to the “strike” offense of 1st degree residential burglary and two theft-related offenses.  On June 12, 2012, Calderon was sentenced to four years, eight months in state prison.

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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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