Old 11-19-2008, 10:57 AM   #1 (permalink)
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Scheme gives distressed properties to squatters

This is very disturbing:

Scheme gives distressed properties to squatters

Authorities aren't buying bogus grant deeds; arrest made
Law enforcement investigators in San Diego and Riverside counties have uncovered a brazen real estate scheme in which individuals are claiming ownership of distressed homes by filing official-looking grant deeds with county recorder offices.

The perpetrators then move people into the vacant homes, in some cases, by hiring a locksmith to change the locks. In one instance, a woman who tried to move into her newly purchased home of more than $800,000 in Chula Vista found a bogus grant deed taped to the window and squatters wrecking the inside.

Yesterday, the San Diego County District Attorney's Office arrested Maurice Simmons, 31, who has filed at least six deeds transferring homes to the Sovereign Solomon Brothers corporation. Simmons was booked into jail on six felony counts of filing a false document.

In Riverside County, investigator Jim Larsh of the District Attorney's Office confirmed that his office is looking into the Sovereign Solomon Brothers and directed the arrest last week of Gwendolyn Johnson, who was charged with filing false documents and residential burglary. County records show at least six deeds in Riverside County have been transferred to Sovereign Solomon Brothers since September.

I found this story here:

Scheme gives distressed properties to squatters | The San Diego Union-Tribune


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Old 01-06-2009, 10:18 AM   #2 (permalink)
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Re: Scheme gives distressed properties to squatters

WOW!! Well it's about time people suffer serious punishment for taking advantage of someone else's suffering. It's bad enough someone lost their home. Now someone who hasn't poured blood, sweat, and tears into a property gets to profit from it? No, I don't think so.
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