Sunday, August 15, 2010

Sacramento DA Beefs Up Forces Targeting Loan Modification, Home Equity, Forged Land Document Ripoff Rackets

In Sacramento, California, CBS13 reports:
  • Sacramento County is cracking down on criminals targeting desperate homeowners. The DA's office is beefing up their Real Estate Fraud Task Force. They're going after people claiming they can bail out homeowners from foreclosure, and also those who steal home equity, and forge documents.

  • "It was a crime we didn't prosecute much before the real estate crash, but criminals are entrepreneurs, they see an opportunity and they move in," said Sacramento County Chief Deputy DA Marv Stern. The dedicated staff is fully funded by a fee paid for every document filed in the Sacramento County Clerk-Recorder's Office.

Source: Sac DA Task Force Targets Real Estate Fraud.