Stephanie Reynolds has put together a great list of mortgage and real estate fraud resources for us here in California. Remember, if it sounds too good to be true, it's probably false.
Mortgage And Real Estate Fraud Continues
Reports of mortgage fraud; from appraisals being inflated to falsification of income documentation. Real Estate fraud; from straw buyers to short sale fraud. Foreclosure scams. Craigslist scams. Loan Modification scams. Investment scams.
California has ranked 3rd in the country for hardest hit states for mortgage fraud, according to MARI (Mortgage Asset Research Institute) preceded only by Florida and New York. San Diego alone from May 2009 to May 2010 reported 287 Real Estate Fraud cases being investigated.
I recently wrote a post about Loan Modification ~ Don't Be A Victim. But it is more than just loan modifications being affected. Promises to save your home from foreclosure, rent this beautiful home for $400 a month, no credit? No problem, we buy houses, cash!....the list goes on.
There are resources available if you or someone you know is a victim of one of fraud or one of these scams. All of the following offices want to stop this type of thing from happening, they just need your help in reporting them.
FBI Field Offices, Mortgage Fraud
White Collar Crime Supervisor
Federal Office Building
9797 Aero Drive
San Diego, CA 92123-1800
Attorney General's Office
California Department of Justice
Attn: Public Inquiry Unit
P.O. Box 944255
Sacramento, CA 94244-2550
Phone: (916) 322-3360
HUD Field Office
San Diego Field Office
Symphony Towers, Suite 1600
750 B Street
San Diego, CA 92101-8131
Phone: (619) 557-5310
HUD Regional Office
San Francisco Regional Office
600 Harrison St. 3rd Floor
San Francisco, CA 94107-1300
Phone: 415) 489-6400
California Department of Corporations
Financial Services Division
320 West 4th Street, Suite 750
Los Angles, CA 90013-2344
National Fair Housing Alliance
Locate your local office:
National Contact: E-mail: email@example.com
1212 New York Avenue, NW Ste 525
Washington, DC 2005
California Department of Real Estate
Sacramento, CA 95818-2500
California Office of Real Estate Appraisers
1102 Q Street, Suite 4100
Sacramento, CA 95814
Phone: (916) 552-9000
Better Business Bureau of San Diego
5050 Murphy Canyon, Ste. 110
San Diego, CA 92123
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