California Attorney General Jerry Brown and San Diego District Attorney Bonnie Dumanis announced the arrest of the owners of Federal Land Grant Co., a San Diego company that allegedly ripped off homeowners throughout California. According to accounts, the scam worked when the owners would go speak to groups of homeowners who were facing foreclosure. The sales pitch, translated into Spanish, told homeowners that, for $10,000, they could transfter their homes to the Federal Government and then avoid foreclosure. Needless to say, this does not work.
It is possible that homeowners throughout California are victims of this scam. The investigation continues while the Defendants are in jail.
If you are getting behind in your mortgage, or you think you may get behind, call your lender immediately. Lenders, for the most part, would rather work with you before you get behind. If that does not work, consult an attorney. Do NOT talk to anyone else until you know your legal rights. And definitely, do not sign any paperwork without talking to an attorney.