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FHFA suspends counterparties with ties to title or REO scams

One man had paid bribes and kickbacks for improper sales of foreclosure properties, and another had engaged in ownership and wire fraud in a loan relief scheme, the courts determined.

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'Skillful conman' is sentenced to 12 years after he duped 2,000 homeowners and buyers out of $7.6M

'Skillful conman' is sentenced to 12 years after he duped 2,000 homeowners and buyers out of $7.6M
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West Hollywood Man Sentenced For Real Estate Fraud Scheme

Canyon News WEST HOLLYWOOD- On Monday, August 2, the Department of Justice announced that Patrick Joseph Soria, 35, of West Hollywood, has been sentenced to 152 months in federal prison for orchestrating a real estate fraud scheme that victimized more than 2,000 homeowners, caused more than $7 million in losses, and involved fraudulent filings that affected the title to properties across the country. Soria, was sentenced by Judge Dale S. Fischer, who called Soria “a skillful conman who created a very sophisticated scheme.” Judge Fischer also stated, “This is not the largest case I have presided over in terms of dollars, but it is the most brazen and heartless.”

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