Hat tip to daytrip for sending this in, more details on the corruption case from the latimes.com: A former Los Angeles County property appraiser was taken into custody in Oregon on Monday, accused of falsifying documents and unlawfully lowering property values by $172...
From the UT: A politician who went to prison 20 years ago in one of Arizona’s most notorious public-corruption cases has apparently been practicing real estate in San Diego County for almost 14 years, using his son’s clean record to get a license. Donald James Kenney,...
Congratulations to Kelly and Will for great reporting that led to this conviction: http://www.voiceofsandiego.org/sommerset/ It's been three years since a Voice of San Diego investigation exposed a $13 million mortgage swindle involving more than 80 condos in North...
From the latimes.com: An Orange County man who swindled elderly people out of their homes after promising to help them avoid foreclosure was sentenced to 25 years to life in prison under California's tough three-strikes law. Defense lawyers and prosecutors across the...
Makarov asked what I thought about the latest fraud bust in Carlsbad detailed below. 1. I'm glad to see realtors and mortgage brokers going to jail - they deserve it. Hopefully it will also prevent others from committing crimes in the future. 2. These people were...
Hat tip to Tom Stone for sending this in from the Tampa Bay Times: Ralph and Michael Chancey have gotten some great deals on real estate. A $1.15 million bayfront Apollo Beach home for $10,010. A 3,700-square-foot house in North Tampa for $8,090. Dozens of homes in...
Back in 2006-2007 when you could borrow 100% of the purchase price up to $1.5 million with only a 700+ FICO score, there was a team of scammers working the Carlsbad area. They hosted seminars where they offered to help unsuspecting marks get a piece of the...
Hat tip to Susie for sending this in, from the latimes.com: (story was first broke here: http://loscerritosnews.net/index253.htm) A former Los Angeles County property appraiser who secretly granted large, unauthorized tax breaks to wealthy homeowners told officials...
From HW: Who said housing scams can’t read like a zombie movie? In this scam, a man came back from the dead to trick people in to investing in bad houses. I foresee a blockbuster hit. Cleveland’s News Net 5 uncovered the scheme, perpetrated by a man now named John...
From 10News: SAN DIEGO -- A woman was arrested in connection with an alleged housing scam centered in the South Bay, the San Diego County District Attorney's Office announced Monday. The district attorney's office said Dianne "Harmony" Brown illegally took over...
