Articles Tagged With ‘mortgage fraud’

Nipomo woman stole $117,000 from elderly man in reverse mortgage scheme

A former Nipomo financial services advisor talked an elderly man into taking out a reverse mortgage on his home and then stole $117,000 from him, according to the San Luis Obispo County District Attorney’s Office. Araceli Cortes, 38, is slated... (Continue reading)

SLO County residents aided by settlement

Nearly 700 San Luis Obispo County homeowners have benefited since Jan. 2012 from an $18 billion boost, part of a national mortgage settlement with major lenders, according to the state’s appointed monitor of the settlement program. That settlement totaled $25... (Continue reading)

Eight arrested for mortgage fraud

Federal and Ventura County authorities arrested eight people Wednesday for operating a mortgage fraud scheme that made them significant money while causing bank losses of more than $11 million. Investigators with the Ventura County District Attorney’s office discovered that members... (Continue reading)