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Tim C. Lorenz's Blog

By Tim C. Lorenz | Agent in Mission Viejo, CA

Foreclosure Rescue Fraud

Another three face Charges in a foreclosure Rescue scam, Gregory Flores manager of All Fund Morgage in Anaheim, as well as Sheri Gale loan officer and Amy Hall former loan processor.  Flores, Gale and Hall engaged in a scheme to defraus homeowners and lenders between May 2003 and June 2006 in Orange, Riverside and San Bernardino counties. 

The three convinced homeowners to sell or refinance homes convincing them they could save them from foreclosure.  Instead they would get cash out loans based on false information.

They would convince the homeowner to add others to the ownership of their homes in order to qualify for a loan.  Homes were also sold to straw buyers.  Often without the homeowners knowledge.

They made false statements on the income of the straw buyers.

Homeowners lost title to their homes, while the straw buyers owed the lenders hundreds of thousands of dollars that they could not repay. 

Flores could face up to 30 years and Hall and Gale could face a maximum of 20 years. 

Tim Lorenz

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