Recently I told you all about our rental home here in Fullerton, CA. (OC Scam part1 and part2)
Here is a brief overview:
The owner came to our home 2 months after signing the 1 year lease in December 06. The owner said the people we signed the lease with were scam artist who forged the home loan documents and purchased 7 homes in her name, were now renting the homes, taking the money and not paying the mortgage.
She the owner found out recently is letting these homes go into foreclosure and recently filed bankruptcy a few weeks ago.
Now catching-up:
Well last week one of the other tenants living in another foreclosure across town (waiting it out rent free like all of us) ran into the gardener of his home that quit after this fraud was exposed in February 07.
The gardener told him he is cutting the lawn of a home down the street leased out by the same couple who we all signed a lease contract with in December that are supposed to be the scam artist. The gardener gave us the address because it isn’t one the seven I know about.
I ran the address of the home on foreclosure.com and sure enough it is in foreclosure but under a different name other the owner I know about.
So then I wet to the Orange County recorders office put the owner’s name listed on the foreclosure.com listing and what do know this new owner purchased 7 homes in October 06? Three are now in default. The scam artist couple are leasing the homes listed on the OC recorders office.
What is the chance this scam artist couple has been leasing homes renting them out, not paying the house payment and have been doing this for the last year and have not been caught?
We have been thinking maybe these Scam artist and the apparent victims are all in this together?
Because the owner of our home went to police in Temple City and hired a lawyer however now she says she is just filing bankruptcy and drop the case against the scam artist couple…Says it will be impossible to prove.
Maybe what has happen is the market has finally turned and the investors have all turn losers. Claming fraud in order to not look so stupid and save whatever they have left? In front of the judge.
Isn’t it against the law if the Scam artist couple and the purchaser (the paper owner) are working together?
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