California Real Estate Fraud Report

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President of Infinity Group Services charged in loan modification fraud

Kahram Zamani, a licensed real estate broker and president of Infinity Group Services, was arraigned on January 28 for defrauding 165 distressed homeowners out of $177,000 by illegally charging them upfront fees to modify their home loans. Zamani is charged with 165 counts of grand theft with additional sentencing possible for aggravated white collar crime and could face up to 113 years in prison if he is convicted. The period for which he is charged was February 2008 through December 2009.

Zamani found his clients-victims by running radio ads to find homeowners in distress. In a ploy to convince homeowners his company had something to do with the Bush Administration’s “hope to Homeowners” program, Infinity Group Services was previously called “Hope to Homeowners”. Distressed homeowners were made false promises that Infinity Group Services could obtain loan modifications or even loan forgiveness for a fee of $995, paid upfront.

The investigation was a result of a collaboration between the Orange County District Attorney’s Office, the California Department of Real Estate (DRE) and the Federal Trade Commission (FTC). Although both the FTC and the DRE have filed actions against Zamani, the DRE‘s website shows no action regarding Zamani’s real estate license as of today.

Zamani and Infinity Group Services have also been profiled in RipOffReport.

Read more at the website for the Orange County District Attorney’s Office.

Consumers: remember that upfront or advance fees for loan modification services are illegal in California.

© 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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