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Real Estate & Property Law

: The Home Equity Theft Reporter

Orange County DA Busts Alleged Straw Buyer, Mortgage Scam Ring; Involved $17.5M In Fraudulently Obtained Loans On 35 Properties

By r morris

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From the Office of the Orange County, California District Attorney:A real estate broker, her boyfriend, and his brother have been charged with conspiring to commit $17.5 million in real estate fraud for purchasing 35 properties in the names of ?straw buyers? and intentionally defaulting on loans in order to steal the loan money. Kathy Chen, 48, Westminster, Richard Salgado Gonzalez, 59, and

Full post as published by The Home Equity Theft Reporter on June 05, 2009 (boomark / email).

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