San Bernardino DA: Foreclosure Rescue Operator Took Illegal Upfront Fees, Duped Homeowners Into Signing Over Deeds, POAs In Sale Leaseback Ripoffs
From the Office of the San Bernardino County, California District Attorney:
- On Tuesday, May 10, 2011, Investigators from the San Bernardino County District Attorney’s Office Real Estate Fraud Prosecution Unit arrested Yunuen Medina, 26, of Corona, California near her residence.
- Medina worked for Home Recovery Trust, which operated an illegal loan modification business. The scheme involved taking upfront fees from the victims, having them sign Specific Power of Attorneys, in some cases Quitclaim Deeds, placing their properties into the Michael Martinez Trustee, and having the victims then make monthly payments, payable to "Home Recovery Trust."
- On Wednesday, April 20, 2011, the founder and owner, Luis Miguel Macias was arrested and currently remains in jail. Since his arrest, numerous victims have come forward from Riverside, Los Angeles, Ventura Counties, and from as far north as Reno, Nevada. This is an ongoing criminal investigation and more arrests are expected.
- Macias’ victims are usually Spanish speaking and unaware of the California Loan Modification Law, under California Civil Code, § 2944.7, which went into effect October 11, 2009. Medina has a no bail INS hold.
For the San Bernardino County DA press release, see Corona Woman Arrested for Real Estate Fraud.
1 comment:
These mortgage fraudsters conduct is at best egregious. However, many of these unlawful acts are fostered and upheld by our judicial and legal system.
Many people have been complaining to lawmakers about unlawful acts dealing with real estate fraud and fraud committed by the financial industry since 1996.
Deaf ears by legislators and courts placated to the financial industry and allowed them to violate consumer laws, i.e. TILA, HOPEA, FDCPA and RESPA.
In one Bankruptcy case I was involved in the attorney representing the mortgage servicer was falsifying the truth to the judge by indicating that the bank gave us a mortgage loan to purchase our home, which was not true.
This was fraud upon the court because our home was purchased in 1944. There was no prior mortgage loan and it was paid in full when we took out a home equity loan, which I told the judge the attorney had perjured himself.
The judge ruled on the side of the bank's attorney and never required him to present evidence to prove his case or allowed me to provide any evidence to the contrary, negatively impacting bankruptcy case racking up more legal fees.
In a land dispute case, the circuit court also allowed attorney to commit fraud upon the court when she recorded a title in court's Land and Deed of Records.
I filed a complaint with the Maryland Secretary of State that regulates Notary Commission misconduct and fraudulent acts committed by notary's.
The complaint stated this attorney defrauded the Notary Commission by filing a fraudulent deed she prepared by signing deed as attorney of record, signing as witness and also signed her name notarizing the Deed as Notary of Record.
The Secretary of State and the court took no action against the attorney.
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