Lynne Allen Rust, 43, Adelanto, California plead guilty to theft from an elder or dependent adult; obtaining money, labor or property by false pretenses; attempt to file a false or forged instrument; forgery; and grand theft of personal property in connection with allegations that she attempted to steal the home of an elderly couple facing foreclosure. According to media reports, Rust was friends with the daughter of the elderly couple. Rust agreed to help when the home was being foreclosed. Rust had the elderly couple sign a deed transferring the property to her and also grant her power of attorney. She then allegedly took out a loan against the house and used the funds for her own purposes. According to media reports, the couple did not realize they were signing a grant deed.
As part of the plea agreement, Rust will be allowed to withdraw the plea as to all changes except false pretenses and serve sixty days in jail and three years probation, if she pays restitution of $68,682 to the victims (less money already paid for their benefit).


Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.