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Real Estate Broker Convicted- faces a “Prison Sentence” up to 111 years

Prevent Mortgage Fraud
May 23, 2010

Used 92 Year Olds Personal and Credit Information A California, a real estate broker, was convicted of conspiring with her boyfriend and his brother to commit $17.5 million in real estate fraud by purchasing 35 properties using stolen identities and intentionally defaulting on loans in order to steal the loan money. Kathy Chen's boyfriend, Richard Salgado Gonzalez, and his brother, Daniel Gonzalez, face the same charges and sentence. The brothers are fugitives have outstanding arrest warrants, it is believed that both may currently be living in Puerto Vallarta, Mexico. Read the whole story @ The faster we all help prevent real estate fraud; the sooner all of these costs could be reduced, thus saving homeowners and tax payers money … and people will not be unlawfully evicted from their homes because of the paper work shuffle by the fraudsters at the closing table. When we believe in the existence of fraud could affect us individually, more will then start taking active steps, every day, to combat against it. It may be an everyday battle, but the longer we fight the stronger we get, and once something becomes a habit the less difficult it is to achieve; and the harder it is to forget. We can prevent mortgage and real estate fraud one transaction at a time! Michael S. Richardson Director/Chief Quality Officer Author of "An American Epidemic, Mortgage Fraud a Serious Business" Follow me on Twitter @ FocusonFraud
May 23, 2010