California Real Estate Fraud Report

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California Woman Sues Bank of America, Alleging Fraud

Indio resident Lori Martinez filed a complaint on December 1 in the U.S. District Court for the Central District of California, Eastern Division against Bank of America NA, alleging the banking giant committed fraud against her.

Martinez purchased a home in 2000 in Cathedral City, which she refinanced in 2008. Bank of America was the loan servicer for the refinanced loan.

In 2009, she contacted the bank and requested a modification under the federal government Home Affordable Modification Program (HAMP) program. She alleges that she was advised by one of the Bank’s representatives to stop making mortgage payments because it was a prerequisite to obtaining a HAMP modification. After ceasing to make her mortgage payments, Martinez defaulted and her home was foreclosed.

Lori Martinez is represented by Sin-Ting Mary Liu of Aylstock, Witkin, Kreis & Overholtz PLLC in Alameda, California.

U.S. District Court for the Central District of California Eastern Division case number 5:17-cv-02426-R-SP

Read the original article in Legal Newsline.

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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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