Legal Question in Real Estate Law in California

Re: Mortgage Fraud

You should hire an attorney to take aggressive action. You may also want to contact the department of Real Estate: http://www.dre.ca.gov/ other information can be garnered here: http://www.cambweb.org/consumer/ or here: http://www.corp.ca.gov/pub/mb.htm

JOEL SELIK Attorney at Law

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Re: Mortgage Fraud

You have two courses of action available; I'd take both at the same time. One is to pursue the matter through the licensing agency, either the Dep't. of Real Estate or Dep't. of Corporations. The license number should be prominent in the broker's advertising. Note that the DRE has a fraud victims' restitution fund; when all else fails, your client may be eligible for up to $25,000 of loss reimbursement from this fund.

I would also pursue the matter through private legal action, primarily to establish a claim or get a judgment against the broker as soon as possible, but also to try to maintain some leverage against the foreclosing lender on behalf of the victim.

You or your client will need representation by a sharp real estate lawyer to get very far with either of these approaches. I would get started now to catch the crook before he fades into the woodwork and before the foreclosure progresses.

Re: Mortgage Fraud

You may contact me. Claim for indemnification. Can do.