Mortgage Fraud Trial Ends in Settlement: How FRAUD STOPPERS Assists Borrowers in Fighting Mortgage Fraud

A civil mortgage fraud trial in Sacramento Superior Court came to an abrupt end with a settlement that will compensate six plaintiffs with a total of $900,000. The lawsuit alleged that principals in Stewart Title of Placer County and the now-dissolved Stone Canyon Mortgage Co. of Rocklin knowingly assisted individuals convicted of running a Ponzi scheme, resulting in losses of $26 million for 180 victims. While the defendants continue to deny any wrongdoing, the settlement was reached when the plaintiffs reduced their monetary demands during the trial. This article will delve into the significance of mortgage fraud cases, the role of FRAUD STOPPERS in assisting borrowers, and the impact of settlements in such trials.

Understanding Mortgage Fraud:

Mortgage fraud is a serious crime that can devastate individuals, families, and communities. It involves intentional misrepresentation or deception during the mortgage process, leading to financial losses for lenders or borrowers. In this particular case, the plaintiffs alleged that the defendants knowingly facilitated fraudulent activities related to a Ponzi scheme, resulting in substantial financial harm to numerous victims.

The Role of FRAUD STOPPERS:

FRAUD STOPPERS is an organization dedicated to helping borrowers facing mortgage fraud, wrongful foreclosure, and other related issues. They provide support, resources, and expertise to individuals who believe they have been victims of mortgage fraud or wrongful foreclosure practices. FRAUD STOPPERS offers various services to assist borrowers in their fight against mortgage fraud, including:

1. Education and Awareness:
FRAUD STOPPERS educates borrowers about common mortgage fraud schemes, warning signs to look out for, and steps to take if they suspect fraudulent activities. By empowering borrowers with knowledge, FRAUD STOPPERS aims to prevent fraud and promote informed decision-making.

2. Securitization Audits:
One of the key services provided by FRAUD STOPPERS is the Bloomberg Securitization Audit, which examines the chain of ownership and securitization of a mortgage loan. These audits help uncover potential irregularities, improper documentation, and violations that may have occurred during the loan origination and securitization process. By identifying such issues, borrowers can build a strong case against mortgage fraud and wrongful foreclosure.

3. Legal Assistance:
FRAUD STOPPERS works with a network of experienced attorneys specializing in mortgage fraud and foreclosure defense. These legal professionals can assess the borrower’s case, strategize a defense plan, and provide representation in legal proceedings. Their expertise helps borrowers navigate the complex legal landscape and increase their chances of a favorable outcome.

The Impact of Settlements:

Settlements play a significant role in mortgage fraud cases, providing resolution and compensation to affected parties. While the defendants in this particular case maintain their innocence, the decision to settle was driven by the cost-benefit analysis. Continuing the trial would have incurred higher expenses for the defendants compared to the settlement amount. Settling a case does not necessarily imply admission of guilt but can be a practical approach to avoid further legal costs and potential reputational damage.

The Importance of Seeking Assistance:

Borrowers who suspect mortgage fraud or wrongful foreclosure should not hesitate to seek assistance from organizations like FRAUD STOPPERS. Mortgage fraud cases can be complex and challenging to navigate alone. By working with professionals who specialize in mortgage fraud defense, borrowers can leverage their knowledge, resources, and legal expertise to build a strong case.

The settlement reached in the mortgage fraud trial highlights the importance of addressing fraudulent activities and providing compensation to victims. Organizations like FRAUD STOPPERS play a crucial role in assisting borrowers by providing education, securitization audits, and legal support. If borrowers suspect mortgage fraud or

wrongful foreclosure, it is crucial to seek assistance from experts who can guide them through the process and fight for their rights. By working together, borrowers can raise awareness about mortgage fraud, hold responsible parties accountable, and strive for a fair resolution in their cases.

Plaintiffs in Civil Mortgage Fraud Case Settle for $900,000

sacbee.com September 27, 2014 By Andy Furillo

A civil mortgage fraud trial in Sacramento Superior Court abruptly ended Wednesday with a settlement that will pay $900,000 to six plaintiffs.The lawsuit charged that principals in Stewart Title of Placer County and the now-dissolved Stone Canyon Mortgage Co. of Rocklin knowingly worked to assist two men who have been convicted in federal court in Sacramento of running a Ponzi scheme that looted $26 million from 180 victims.

Carl J. Calnero, the attorney for Stewart Title, said the defendants agreed to settle when the plaintiffs in mid-trial reduced their monetary demands. Calnero said it would have cost the defendants more money to continue the trial than to settle the case. He said the defendants continue to deny any wrongdoing.

Jack V. Valinati, who represented the plaintiffs, declined to comment on the settlement. One of the plaintiffs, Darlyne Andrus, said she wanted to press on with the case, while another, Darlene Record, said she never wanted to go to trial in the first place.

Now You Can Unlock the Power of Justice and the Rule of Law with FRAUD STOPPERS

Are you tired of being a victim of financial fraud, seeking the justice and legal remedy you deserve? Look no further – FRAUD STOPPERS is here to empower you with the comprehensive tools and support necessary for success. With a wide range of services tailored to your needs, we are your ultimate ally in the fight against fraud.

FRAUD STOPPERS Arsenal of Solutions includes but is not limited to:

Audits & Investigations: Our team of skilled professionals will meticulously analyze your case, leaving no stone unturned in uncovering the truth. We employ cutting-edge techniques and resources to expose the fraud and gather irrefutable evidence. We are the only organization (to our knowledge) that can provide you with a Full Level 4 Bloomberg Securitization Audit and all the loan level data and trust information for all Government Sponsored Loans (GSE’s) and loan placed in private trust (shipped off shores) that do not report to the Securities and Exchange Commission (SEC).

Expert Witness Affidavits & Testimony: Our network of esteemed experts will provide compelling affidavits and testify on your behalf, lending credibility and authority to your case. Their specialized knowledge and experience will strengthen your position in the legal battle.

Turnkey Litigation Packages: We understand that navigating the complex legal landscape can be overwhelming. That's why we offer comprehensive litigation packages, equipped with all the necessary documents and strategies to mount a strong defense against fraudsters.

Professional Paralegal Support: Our dedicated paralegals are committed to assisting you every step of the way. They will guide you through the process, offer invaluable insights, and provide crucial administrative support to ensure your case is well-prepared.

Nationwide Attorney Networks: We have established a vast network of highly skilled attorneys across the country who specialize in fraud cases. Rest assured, you will be connected with a trusted legal expert who is passionate about seeking justice on your behalf.

Legal Education and Training: At FRAUD STOPPERS, we believe that knowledge is power. That's why we provide comprehensive legal education and training resources, empowering you to understand your rights, navigate the legal system, and make informed decisions throughout your case.

Debt Settlement Negotiations: Our experienced negotiators will engage with creditors on your behalf, striving to reach favorable debt settlement agreements. We will advocate for your interests, aiming to alleviate the financial burden caused by fraud.

Private Lending: If you require financial assistance to support your legal battle, our private lending options can provide the necessary funding. Our trusted lending partners offer competitive rates and flexible terms, ensuring you have the resources to fight for justice.

And much more! Save Time, Money, and Increase Your Odds of Success with FRAUD STOPPERS' Proven Products and Programs

If you're serious about getting the legal remedy you deserve, FRAUD STOPPERS has everything you need to succeed while saving time, money, and increasing your odds of success. Our comprehensive range of proven products and programs is designed to streamline the process, maximize efficiency, and deliver results.

Time is of the essence when it comes to combating fraud, and we understand the importance of expediting your case. With our expertise and resources, we can minimize delays and ensure efficient progress. By leveraging our extensive experience in fraud investigations and legal strategies, you can navigate the complexities of the legal system with confidence, saving valuable time in the process.

We also recognize the financial burden that fraud can impose, and we are committed to providing cost-effective solutions. Our competitive rates for services, private lending options, and expert negotiation skills can help you save money while maximizing the value you receive. Rest assured that we strive to optimize your resources, enabling you to fight fraud without breaking the bank.

Partnering with FRAUD STOPPERS significantly increases your odds of success. Our proven track record and extensive network of experienced professionals ensure that you have the best possible resources at your disposal. From expert witness testimonies to strategic litigation packages and effective debt settlement negotiations, our carefully curated products and programs have a track record of achieving favorable outcomes. With FRAUD STOPPERS by your side, you can maximize your chances of holding fraudsters accountable and obtaining the justice you deserve.

By choosing FRAUD STOPPERS, you can save time, save money, and increase your odds of success. Our proven products and programs, combined with our commitment to your cause, empower you to reclaim your future. Take the first step towards justice by completing the form below.

Remember, with FRAUD STOPPERS, you have a trusted partner dedicated to saving you time, money, and increasing your chances of success. Let us fight by your side and help you put an end to fraud once and for all.

Our commitment to your success knows no bounds. We are constantly expanding our services and partnerships to provide you with the most effective tools in the fight against fraud.

Ready to get started?

Simply complete the form below to begin your journey towards justice. Once submitted, check your email inbox or email spam folder for detailed instructions on how to move your file forward.

Remember, you don't have to face fraud alone – FRAUD STOPPERS is here to champion your cause and bring you the justice you deserve.

Join us in the battle against fraud today!

Complete the form below and then after submission, check your email inbox or spam folder for detailed instructions on how to move your file forward to get the legal remedy you seek and deserve.

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