CalBRE in the News
President of Southern Ca Loan Modification Firm Arrested for $6.2M Fraud Scheme
By Alex Ferreras – LoanSafe.org – February 27, 2014
The felony complaint alleges that Nehad "Nick" Ayyoub Ayyoub, 57, of San Bernardino and president of The Firm Loans, Insurance and Investments Inc. and First Choice Debt Solutions Inc., along with his six colleagues, Ghydan Ayyoub Rabadi, 38, of Los Angeles, Zaid Rabadi, 49, of Los Angeles, James Clemons, 55, of Riverside County, Wissam Ismail, 32, of Riverside County, Eddie Mercado, 57, of San Bernardino, and Majid Safaie, 60, of Orange County, deceived homeowners by illegally charging up-front payments for loan.
Oxnard woman gets year in jail for foreclosure fraud
VC Star – February 27, 2014
An Oxnard woman was sentenced Thursday to a year in jail after pleading guilty to charges of felony fraud, grand theft and recording a false document. Prosecutors said Gloria Becerra, 48, was a local representative for a home loan modification and foreclosure rescue business called Sunset Beach Management.
SF Real Estate Broker Surrenders License Following NBC Bay Area Investigation
NBC Bay Area – February 25, 2014