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Real Estate & Property Law

: The Home Equity Theft Reporter

Three Charged For Allegedly Pocketing $10K Per Victim In Bogus "Principal Reduction" Loan Mod Racket; Part Of Larger Scam That Clipped 400 Homeowners

By r morris

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In Santa Clara County, California, the Contra Costa Times reports:A Santa Clara County criminal grand jury has indicted three people on 83 counts of defrauding 45 homeowners in Northern California in a wide-ranging loan modification scam. The Santa Clara County District Attorney's Office alleges Rene Alvarez, 39, and Mariano Ortega, 34, both of San Jose, and Cydney Sanchez, 60, of Los Angeles,

Full post as published by The Home Equity Theft Reporter on April 19, 2010 (boomark / email).

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