California Real Estate Fraud Report

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Riverside Increases Filing Fee in Order to Fund Real Estate Fraud Investigations

Consumers in Riverside County may get some assistance when they feel they are victims of real estate fraud.

Riverside County District Attorney Paul Zellerbach was successful in his bid to convince the Board of Supervisors to raise the filing fee for real estate documents to $10. The fee represents an increase from the original $3 fee prior to February of this years and in my opinion is a mere pittance if it will enable the Riverside D.A.’s Office to to expand its Real Estate Fraud Unit and hire more real estate fraud investigators.

Readers of the California Real Estate Fraud Report know well that Riverside, like most other counties in California, is home to not only real estate fraud but ample numbers of cases of foreclosure rescue scams, loan modification fraud and plain-old mortgage fraud.

Both a prosecutor representing Zellerbach’s office and Assessor/County Clerk/Recorder Larry Ward appeared before the Board of Supervisors, pleading for the fee increase due to the Riverside District Attorney’s Office being flooded with complaints. To illustrate, in fiscal 2011-12, the D.A.’s office received more than 2,400 referral having to do with real estate fraud, which was 500 referrals higher than the prior fiscal year.

The $10 fee is projected to raise almost $5 million annually and would increase the Riverside office’s staff from four investigators to seven and add a forensic accountant, a a real estate fraud document examiner and a forensic computer examiner. It would also fund regional teams in the southwest part of Riverside and also Indio.

Read the original article in the Press Enterprise.

© 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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