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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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Fraud Task Force has continued to meet - and meet with
some success. We have now had a meeting with our District Attorney, Rod Pacheco,
and have had meetings and conversations with members of his White Collar Crime task force
that encompasses Real Estate Fraud. Our initial concerns regarding
their apparent lack of involvement have been somewhat assuaged.
Although we have yet to see an indictment handed down against any of
the perpetrators in our area, we have been assured that they are
actively working on it.
are also attempting to provide mls access to the DA as a means to
expedite their evidence gathering. This matter is trickier than it
might appear at first blush as we can't be in a position to just open
our database and allow law enforcement or anybody else to just have a
field day with Realtor records (even though seemingly every half-wit
website in the country can scrape it at will).
we are starting to see frequently is where an individual will access a bank-owned home and
advertise it as a rentalat very attractive
rates - typically $200 or so under market. Due to the large number of
people here who have lost their homes to foreclosure and are having
trouble finding a rental, this deal looks very attractive. The scamster
will then arrange meetings over the course of a couple days meeting
prospective renters, signing paperwork, giving them copies of keys and
taking their first and last months deposit. In the most
egregious of these we have uncovered so far, the perpetrator rented the
same property to 15 different people, pocketing $3,400
from each. It was only when multiple families started showing up with
moving vans a couple days later they discovered they had been duped.
Not only did they not have a place to live, many were now out of a
previous apartment or lease and were also out $3,400 in hard earned
money they didn't have to spare in the first place.
are also seeing a big upswing in renters finding
out their house is being foreclosed on and they are getting evicted.
In many cases the owner was already delinquent when they rented the
property, or he stopped making payments as soon as they moved in. 6 or
7 months later they awake to a notice tacked to the door notifying them
sale, move out. They have no rights
recourse except to try to find a new place ASAP and move.
Meanwhile the owner has not been making house payments for 7 months as
well as pocketing the rental income. Many times this owner has already
purchased a new home showing this one as a rental with the full
intention of taking whatever cash they can and walking. In some cases
the owner has even threatened the renter with legal action if the
renter stops making their payments in spite of the fact they are being
evicted. Â That takes balls.
you are in a position to advise rental clients, please let them know 'if it
looks too good to be true...' and be careful about renting
a place from a Guido who meets you at a property with a dead lawn on
Wednesday afternoon. Doesn't take a Karnac to see the answer to this
Wunderlich - Selling Southwest California Homes including
Temecula, Murrieta & The Southern California Wine Country
Remember, Don't wait to buy real
estate - Buy real estate and wait.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.