California Cops Investigating Rash Of "Fractional Interest" Deed Transfers
- Fraud investigators are looking into what they say is "a recent rash of perplexing filings" of deeds for 1 percent interests in San Jose area homes. Investigators with the Santa Clara County District Attorney's Office searched the San Jose offices of Mariposa Mortgage, following up on a complaint from a home buyer who said her signature was forged on one such deed.
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- The case is one of several that are drawing the attention of investigators. A search warrant affidavit by an investigator for the district attorney, John Valenzuela, describes a recent discussion among fraud investigators of these kinds of filings involving the transfer of 1 percent interests in property. Many of the deeds involved properties in which a former agent for the San Jose real estate brokerage named Su Casa was involved, either as owner or agent.
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