Mortgage Real Estate Fraud

Mortgage real estate fraud includes a range of different offenses that are prosecuted under a number of different California statutes. Under Penal Code 487 PC California’s Grand Theft Law, mortgage real estate fraud is regarded as a grand theft when real property worth more than nine hundred fifty dollars. However, in case the real estate fraud does not correspond to the legal definition of grand theft other statutes might be used to prosecute the wrongdoer, for example California Civil Code 2945.4 (foreclosure fraud), California Civil Code 890 (rent skimming) and others.