California Real Estate Fraud Report

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Sacramento Real Estate Broker May Die In Prison for Rent-to-Own Scheme

Ronald Russell, a former California real estate broker from Sacramento, has been ordered to serve 13 years and four months in prison for participating in a “rent-to-own” fraud.

Given that he is already 73 years old, Russell may not outlive his sentence.

Russell owned Summer Hills Realty. He had been accused of convincing victims to pay him $2,900 each to join his program, which would first rent homes to the victims Russell had purchased with investor money and then eventually sell the homes to the renters. Prosecutors say the losses to the 51 victims was $139,200 and he was convicted in March 2014 by a Sacramento County jury of 49 counts of grand theft and two misdemeanor counts of petty theft.

Read the original article in the Sacramento Bee.


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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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