Federal authorities arrested a California real estate agent accused of helping a homeowner commit fraud in the short-sale of his home. Minerva Sanchez, 47, was arrested at her Fremont home, according to the U.S. attorney’s office in Sacramento.
In addition, a Modesto real estate attorney was federally indicted for charges related to short sale fraud. Furthermore, the real estate fraud unit recently received a complaint from the California State Bar alleging an Oakdale attorney stole over $180,000 from a client.
Modesto real estate attorney indicted in alleged short-sale fraud. A short sale is an alternative to a foreclosure. The lender agrees that the current property owner can sell the property to a new owner at a price lower than the amount owed by the borrower. short sales can be financially beneficial to lenders,
Modesto, California, Real Estate Attorney Convicted of Fraud in a Short Sale Scheme. press release. 11/14/2017. robert Farrace, 53, of Modesto, was convicted today of three counts of wire fraud in connection with a fraudulent short-sale scheme, U.S. Attorney Phillip A. Talbert announced.
Real Estate Attorney Indicted for Short Sale Fraud Scheme Allison Tussey – June 19, 2015 – Leave a comment Robert Farrace , 51, Modesto, California, an attorney specializing in real estate transactions, was indicted on three counts of wire fraud in connection with a fraudulent short-sale scheme.
Real estate lawyers who represent commercial interests may also focus on land use, zoning, environmental law, or eminent domain issues. Some states provide a certification for lawyers who have demonstrated experience and competency in the practice of real estate law.
He convinced 11 people to give him over $1 million for a pipeline. He had other plans for it. Jordan files for bankruptcy because he has debts of $1 million that he cannot pay. He would like to sign a document to assure his kind aunt matilda that he will repay all of the $30,000 that she lent him. Jordan could have this debt discharged in the bankruptcy but would rather not. In this situation, Jordan
FRESNO, Calif. – Robert Farrace, 51, of Modesto, was indicted today on three counts of wire fraud in connection with a fraudulent short-sale scheme, United States Attorney Benjamin B. Wagner announced. According to the indictment, Farrace was an attorney specializing in real estate transactions. He owned two investment properties in Modesto with substantial mortgage loans.
A federal grand jury returned a 15-count indictment against seven individuals, including one from Turlock, charging them with conspiracy to commit mail and bank fraud, aiding and abetting, and making false statements to a bank in a mortgage fraud scheme, United States Attorney Benjamin B. Wagner announced.
Types of Credit: Credit Cards, Personal Loans, or Home Equity Loans? That’s because you can use the equity in your home as collateral for a loan, known as a home equity loan (or home equity line of credit, for reusable funds). Using your home’s equity as collateral can help reduce the risk to the lender from a low credit score, potentially helping you qualify for a loan despite poor credit.