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Today I went to a presentation given by a Fresno Deputy District Attorney on MORTGAGE FRAUD in our local market. Listening to the kind of schemes that people use to defraud others was enlightening. Criminals are just that: Criminals. And they don’t give a second thought to lying, cheating, or stealing. If they can do it and get away with it - THEY WILL, or at least they will try.
One of the more interesting topics the DA spoke about was a woman in town who is actively engaged in seeking to gain property by adverse possession. Now there is a ligitimate means by which this can be done but this gal is not playing by the rules. According to the DA one of her victims was a woman who has a home in which a relative commited suicide. She was so distraught by the event that she did nothing with the home for a couple of years. In the mean time the aformentioned schemer has moved in tenants and is collecting rent on the property as though it is hers. When the owner visits the property and confronts the gal she says “oh, so this is yours, and just picks up and moves on as though she just made an innocent mistake. CREEPY!
Another case, which she already prosecuted, involved a 77 year old man, sher described as very charismatic, who bilked his friends and associates out of nearly 700 thousand dollars. He was supposedly putting their money into a real estate investment but as it turned out all but 25 thousand dollars went into his personal account. With friends like that, you really dont need enemies. He is serving a 4 year sentence.
Tags: fraud, fresno, mortgage, property management, real estate
1 response so far ↓
1 Marla // Jul 18, 2008 at 8:01 pm
If you want to find the biggest real estate fraud operation in the history of CA - just follow Mayor Alan Autry’s so-called “citywide upgrade.” Residents of Fresno are being annihilated in order to replace sewer/water lines and water meters without authorization, permits or inspections. That is how property is being vacated in order to pull this off - eliminating people. Trail of ID theft, forged deeds, altered legal documents, suspected homicide as Autry’s key man behind this laughs, “You can’t live for the dead.” Property is then haphazardly patched back together and sold as “original” on new deeds that entail illegally revised property lines.
Mayor Autry has the audacity to say that this operation is helping to lower the crime rate in Fresno. What his goons did to my family members and our properties is only a small sample of the atrocities being carried out.
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