California Real Estate Fraud Report

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Five Charged in Sacramento Fraud

Two pairs of husband-and-wife lenders and loan processors, along with a fifth person, were charged by a federal grand jury with an eight-count indictment with conspiracy to commit bank fraud and other related charges in a mortgage fraud scheme.

U.S. Attorney McGregor Scott said MAC Real Estate Services owners Robert Martinson, 45, of Newcastle and his wife, Sheryl Hayden, 41, also of Newcastle used MAC and their second business Sheryl LLC to purchase investment properties and then re-sell them to straw buyers. They recruited loan processors Kathleen Delapp, 44, of Auburn; Melissa Villegas, 34, of Sacramento; and her husband Rick Villegas, 31, of Sacramento to write fraudulent loan applications and pay kickbacks to straw buyers.

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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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