Foreclosure Rescue Operator Faces Arraignment For Allegedly Peddling Mortgage Elimination Racket Involving Phony Land Document Filings

In Oakland, California, KGO-TV Channel 7 reports:

• A Las Vegas man is scheduled to be arraigned this week on 29 counts of mortgage fraud. He has been indicted in Alameda County on charges of cheating distressed homeowners out of thousands of dollars. It's a story 7 On Your Side broke earlier this year, and now our investigation shows evidence the program extends far beyond the East Bay.

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• [Alan David] Tikal[, owner of a so-called mortgage reduction company,] was extradited from Las Vegas where he was arrested and made his first court appearance in Alameda County late last month. He is charged with conspiring to commit real estate fraud, mortgage security fraud and filing false documents. Prosecutors say Tikal's mortgage rescue program promised to pay off a homeowner's mortgage and refinance at a 75 percent savings.

For more, see More homeowners claim mortgage rescue fraud.

For an earlier post on Tikal's indictment, see Bay Area Grand Jury Indicts Four In Alleged Foreclosure Rescue Racket; Filed Fraudulent Documents In Bogus Attempts To Stall Legal Process: DA.