A former Fannie Mae sales associate out of Huntington Beach was sentenced Tuesday to 15 months in federal prison for taking kickbacks from a broker who sold foreclosed properties.
Many who tried to flip lower- and middle-class residences were stung by the housing market collapse with the rest of us, but Irvine flipper Nick Sinatra apparently believes the time is ripe again. One difference: Sinatra does it his way with million-dollar properties.
A Huntington Beach man and his brother have been convicted of running a $15 million, nationwide foreclosure rescue scam that left a federal prosecutor saying, "Few white collar crimes are as cruel or as devastating to victims." Surf City's Jeremy Michael "Mike" Head, 33, and Charles Head, 36, former ... More >>
Job No. 1 of any government program is to justify its existence, which may explain the release the Weekly received from a UC Irvine School of Law clinic that California Attorney General Kamala Harris assigned to monitor five major banks as part of national mortgage abuse litigation.Professor Katheri ... More >>
A Seal Beach man alleged to have preyed on distressed homeowners has agreed to pay a $5 million penalty to resolve a lawsuit the U.S. Attorney filed against him.Terrill "Terry" Meisinger is accused of orchestrating what the feds called a "massive" scam against homeowners, renters and lenders while a ... More >>
Remember Michael Theodore Pines, the Carlsbad attorney who advised an old coot to break into his foreclosed Newport Coast home in front of cops and the news media because, the legal eagle asserted, foreclosures are illegal? For getting himself and his client arrested that October 2010 day, as well a ... More >>
UC Irvine Law Professor Katherine Porter, who Attorney General Kamala Harris in March named to monitor California's landmark foreclosure settlement with five major banks, is starting a Consumer Protection Clinic to help homeowners get promised relief. The school's role is part of a state settlement ... More >>
Seal Beach real estate agent John Wesley Martynec pleaded guilty last week to to stealing $302,000 from investors who thought he was buying and re-selling foreclosed homes for them.The Long Beach 36-year-old faces up to three years in state prison at his scheduled June 8 sentencing.
A notary public who was to be the key witness against two Irvine title officers accused of orchestrating a massive mortgage foreclosure "robo-signing" fraud scheme was found dead in her Las Vegas home. Tracy Lawrence, 43, missed her sentencing hearing on a misdemeanor charge Monday, after which ... More >>
Seal Beach real estate agent John Wesley Martynec, who was arrested in August for allegedly stealing $302,000 from investors by fraudulently promising to buy and re-sell foreclosed homes for a profit, is scheduled to be arraigned in Westminster this morning. The Long Beach 36-year-old is facing ... More >>
San Diego attorney Michael Theodore Pines was supposed to be sentenced Friday for the conviction based on the bad advice he gave to an elderly man who broke into his foreclosed Newport Coast home--in front of the media and arresting police officers. But Pines now has to wait until Dec. 16 to lear ... More >>
UPDATE, SEPT. 1, 6:03 P.M.: San Diego attorney Michael Theodore Pines was found guilty by a jury in Newport Beach today of attempting to illegally break into a foreclosed Newport Coast home. Convicted of one misdemeanor count each of vandalism, attempted second degree burglary, the attempted una ... More >>
UPDATE, MAY 31, 2:40 P.M.: San Diego attorney Michael T. Pines, who advised a 72-year-old client to break into a Newport Coast home he had been foreclosed out of--and invited the media and the bank trustee to watch the spectacle-- faces charges that could have him spending a year behind bars.The ... More >>
R. Scott Moxley in November shared the story of "The Real Squatters of OC," which was about a couple that moved into a foreclosed, gate-guarded Newport Coast home without permission. The Duncans worked through a Newport Beach attorney to stay inside as long as they could--before eventually gettin ... More >>
Is there a theme going on with Bravo's Real Housewives? Because Teresa Guidice isn't the only Housewife with real estate troubles. Alexis Bellino, one of The Real Housewives of Orange County shown poolside at the Balboa Bay Club with one of her kids at right, and her husband Jim are the newest vi ... More >>
Home foreclosures continue to wrack the Santa Ana-Anaheim-Irvine area, increasing 0.40 percent in December 2008 compared to the previous year. The rate of foreclosures among outstanding mortgage loans rose from 0.90 percent in December '07 to 1.30 percent 12 months later, according to First ... More >>
Chapman University's annual economic forecast has been known to be overly sunny, but even this year's had to acknowledge that it'll suck huevos through the end of the next year. However, as they faced a crowd of 1,200 huddled in the Orange County Performing Arts Center on Tuesday, Esmael Adibi and ... More >>