California Real Estate Fraud Report

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Real estate fraud alleged against family of 4 in Orange County

Four members of a family – including a mother and her two daughters – have been charged in a real estate fraud scheme that amount to at least $16 million.  They took out 54 loans against 29 properties using straw buyers and allegedly altered loan documents, inflated the incomes on the documents and used the credit information of some of the straw buyers to make their loan applications.

Charged are Sushama Devi Lohia, her husband Dinesh Valjeebhai and their daughters Supriti Soni and Suniti Shah. The counts against the four include conspiracy to commit a crime, forgery, identity theft and recording false and forged documents. The companies they operated were New Age Realty, First Property Escrow, City First Realty and Associates Investments Group, all out of the same offices in Tustin.

Read the full article in the Orange County Register, aka OC Register.

© 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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