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Another San Diego Foreclosure Scam Busted
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Another San Diego Foreclosure Scam Busted

As San Diego Foreclosure and Bankruptcy Attorneys, we hate to see people in desperate times get scammed.  Unfortunately, it happens every day.  The latest foreclosure scam busted by the authorities apparently involved at least 300 victims.  At least 40 of those victims were in San Diego County.

We have discusses San Diego foreclosure scams and the scum the perpetrate them on a trusting public that experiencing tough times.

Brothers, David Zepeda, 57, and John Zepeda, 59, are each facing over 100 felony counts, including identity theft, forgery, grand theft and rent-skimming.According to http://www.sandiego6.com, this particular group of foreclosure scam artists “would hold seminars for people hoping to save their homes from foreclosures.”

Of course, these scam artists lived lavishly off what they took from the trusting victims.  Sandiego6.com also reports that “During a search of the residence, investigators seized $335,000 in uncashed checks; a gold Geneva watch; a gold Rolex watch; diamond bracelets and rings; $33,000 in cash; more than $8,000 silver coins; gold troy ounces; boxes of rolled half-dollar coins; and a Bentley.”

These guys had all kinds of methods.  They allegedly forged documents an din some cases convinced homeowners to sign over deeds as part of a way to supposedly stop foreclosure.  They allegedly even rented out places they had taken title to with forged documents.

As we have said before, to avoid being taken by a scam, a person should ask themselves: Is it too good to be true?  If the answer is yes, then it is probably too good to be true.

Most importantly, homeowners should consult an experienced Real Estate Attorney.  They can evaluate your situation and advise you on the legal consequences of any action you are looking at taking.  Consulting a Real Estate Lawyer is especially important if you are considering a method to beat foreclosure.  We are lucky these guys are arrested but there are many more people just like them out there.   An experienced attorney can help you determine if it is a scam or not.

Related posts:

  1. Foreclosure Scam Update
  2. Beware of Foreclosure Scams and How to Avoid Them – The San Diego Land Grant Scheme
  3. San Diego Area Loan Modification Scam – Man Pleads Guilty

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