Rene Solis, 52, Los Angeles, California, has pleaded guilty to three counts of felony foreclosure consultant fraud arising out of a fraudulent home loan modification and foreclosure rescue program called Sunset Beach Management (SBM).
SBM was an enterprise that operated across Southern California. Solis was accused of collecting thousands of dollars in illegal upfront fees from struggling homeowners while promising to modify their mortgage loans and save their homes from foreclosure. The victims received no actual services, and in addition to losing thousands of dollars, many lost their homes through foreclosure proceedings. Total victim losses are estimated to exceed $78,000.
Nino Vera, 52, and Hector Menendez, 56, were also charged in this case and are scheduled for an early disposition conference on November 14, 2012, at 1:30 p.m. in courtroom 12.
Sentencing for Solis is set on November 1, 2012, at 3:00 p.m. in courtroom 12. Solis is expected to be sentenced to three years eight months in the Ventura County jail.
Ventura County District Attorney Gregory D. Totten announced the guilty plea. The charges were the result of a two-year investigation by the District Attorney’s Real Estate Fraud Unit.
Ventura County residents who believe they have been victimized by Solis, Vera, Menendez or others working under the name of Sunset Beach Management are encouraged to contact the District Attorney’s Real Estate Fraud Unit at (805) 662-1750 to file a complaint.