Nevada AG Announces Arrest in Mortgage Fraud Scam

Nevada AG Announces Arrest in Mortgage Fraud Scam

May 18, 2011

The office of Nevada Attorney General Catherine Cortez Masto has announced the arrest of real estate agent Christopher Brown who works for Better Homes and Garden Desert Properties in connection with a scam relating to foreclosure auction sales. The case was investigated and is being prosecuted by the Attorney General’s Mortgage Fraud Task Force.
The state alleges that Brown filed a fraudulent and forged Trustees Deed Upon Sale with the County Recorder transferring a property to an elderly victim prior to the actual foreclosure sale. The victim had paid cash to purchase the property at auction. The state also alleges that instead of purchasing the property, the elderly victim’s payments were diverted by Brown for his personal use. The alleged victim is a senior citizen who lost in excess of $115,000 based on the fraudulent promises by Brown.
“This case is another example of the type of systematic fraud that is rampant in the mortgage and foreclosure businesses,” said Nevada AG Cortez Masto. “If you feel you have been involved in this or any other mortgage fraud scam, you should contact my office.”

Compliance, Residential