Housing Fraud Cases Straining DAs' Budgets Throughout California, Says Lawmaker

In Sacramento, California, KPIX-TV Channel 5 reports:

• The state Senate has approved a bill to let counties increase real estate filing fees by $1 to help fund prosecutions for housing fraud. [...] As that problem continues to grow, prosecutors say a rising number of scam artists is trying to take advantage of residents who are at risk of losing their homes. They will promise them fraudulent refinancing schemes, for example.

• State Sen. Dave Cox says the housing trouble is prompting so many real estate frauds that the cases are straining the budgets of district attorneys' offices throughout the state. [...] The money will go into a county Real Estate Fraud Prosecution Trust Fund. The fund can be used to pay for deterring, investigating and prosecuting real estate fraud crimes.

For the story, see Calif. Senate OK's Fee To Prosecute Housing Fraud.