Northern California Prosecutors Continue Uncovering Victims In Busted Upfont Fee Foreclosure Rescue, Fractional Interest Transfer, Bankruptcy Scam

In Northern California, the Lathrop-Manteca Sun Post reports:

• At least seven Manteca and Lathrop homeowners have been snared by what prosecutors say is the most far-reaching foreclosure scam to hit Northern California. The victims appear to be linked to a foreclosure help program that was busted by the Alameda District Attorney’s Office in March, but so far no charges have been filed in San Joaquin County.

• Two women were arrested in Livermore on March 26 on suspicion of defrauding 14 homeowners in Alameda County, and prosecutors say they are continuing to uncover victims from counties throughout the Bay Area and the Central Valley.

• Victims of the scam are told they can stop their foreclosures if they pay a few thousand dollars in up-front fees followed by smaller monthly payments, according to Alameda Deputy District Attorney David Lim, who filed the charges.

For more, see Foreclosure scam snares local homeowners.

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