David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663


2 Arrested for Foreclosure Rescue Fraud

Gloria Becerra, 46, Oxnard, California, and Hector Menendez, 55, Los Angeles, California, are the subject of a felony complaint for grand theft and foreclosure consultant fraud. Becerra and Menendez are both charged with 4 counts of grand theft, 11 counts of foreclosure consultant fraud, and one count of attempted grand theft.

The charges arise out of a fraudulent home loan modification and foreclosure rescue program run primarily under the business names of "Sunset Beach Management," "Financial Wellness for Homeowners L.A." and "California Sky Premiers." Becerra and Menendez collected thousands of dollars in upfront fees promising to reduce the victim's mortgage loan amount, and to "save" her home from foreclosure. The victim received no actual services from the charged defendants and, in addition to losing thousands of dollars, also lost her home in foreclosure.

The court set bail at $100,000 for both Becerra and Menendez. An early disposition conference is scheduled for April 16, 2012, at 1:30 p.m. in courtroom 12. If convicted of all charges, the defendants each face a maximum sentence of 12 years and 8 months.

District Attorney Gregory D. Totten announced the Ventura County District Attorney's Real Estate Fraud Unit's felony complaint.

The arrests followed a seven-month investigation by the District Attorney's Real Estate Fraud Unit.

Individuals who believe they have been victimized by Becerra or Menendez, or others working with either defendant, are encouraged to contact the Ventura County District Attorney's Office Real Estate Fraud Unit at (805) 662-1750 to file a complaint.

source: Mortgage Fraud Blog

David Saks

Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • March 28 2012 06:40AM


These guys need to be hung.  I can't stand having people like this...."in the industry."

Posted by Larry Bettag, Vice-President of National Production (Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001) about 8 years ago

Rude comments such as yours are unnecessary.  I am extremely close with the family of one of those two mentioned above and they are devastated.  The person was new to the company and had no idea what was going on with the company before being hired.  Now they are in jail, facing many years in prison for something they don't even know was happening.  So I highly suggest you learn to keep your ignorant mouth shut before judging others that you have never met.  there are children and granchildren who are affected by this, apparently you have no heart or no soul if you can judge others without knowing all the facts.

Posted by irritated by ignorant comments from Larry over 7 years ago

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