- The three convinced homeowners to sell or refinance homes convincing them they could save them from foreclosure. Instead they would get cash out loans based on false information.
- They would convince the homeowner to add others to the ownership of their homes in order to qualify for a loan. Homes were also sold to straw buyers. Often without the homeowners knowledge.
- They made false statements on the income of the straw buyers.Homeowners lost title to their homes, while the straw buyers owed the lenders hundreds of thousands of dollars that they could not repay.
- Flores could face up to 30 years and Hall and Gale could face a maximum of 20 years.
Tim Lorenz
Instant MLS Listings & Free Market Analysis
"We have actually closed many short sales!"
949-282-2521
Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!
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