Local FBI office heads ‘foreclosure rescue’ fraud probe

Christina Jewett / SacBee.com

The FBI is investigating a suspected “foreclosure rescue” fraud that may have cost as many as 256 homeowners title to their property and stripped them of their equity.

The alleged scam includes at least seven Sacramento homeowners and 61 statewide, and the probe is based in the Sacramento FBI office, according to court documents, interviews and an Internal Revenue Service search warrant obtained by The Bee.

An additional 100 investors who believed they were helping people on the brink of foreclosure also may have been swept up in the alleged scheme, with many having their credit ruined.

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