California Real Estate Fraud Report

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Former Bassist for Band Finch Ran Fraudulent Mortgage Audit Business

In an ill-conceived career move, the former bassist of a Temecula-based hard rock band called Finch pleading guilty to mail fraud in connection  with running a mortgage fraud scam.

Derek Thomas Doherty, 30, owned and operated Home Safe Financial, which charged homeowners in distress $3,000 for a mortgage “audit” and a free (sic) loan modification. Doherty found his victims by employing television, direct mail ads and cold calling.  According to US District Attorney Dianna Collins, Doherty never audited a single mortgage, nor did he have the software to do so. His victims lost more than $400,000 as a result of his scam.

Despite admitting he defrauded consumers, the most time Doherty faces is 15 to 21 months in prison on the felony mail fraud charge.

In the meantime, Derek Doherty is headed out on a band tour.

Read the original article in the St. Louis Post-Dispatch.

© 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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