Home > Avid Law Center, Mortgage Scams > Scam Alert: Group Taking Over Foreclosed Houses and Renting Them Out

Scam Alert: Group Taking Over Foreclosed Houses and Renting Them Out

Chula Vista realtors are outraged by a new organization called the “Prudent Constituents Association” which allegedly illegally takes over dozens of homes in Chula Vista, renting them out and then profiting from them.

Using quit claim deeds and other processes, PCA takes over a foreclosed home and rents it out, allegedly using the money to pay for taxes and litigation for retribution against lenders.

PCA founders, Dexter and Dianne Brown, insist their actions are helping distressed homeowners and is a public service while area realtors disagree.

Several realtors agree that the practice is not new but it is spreading in Chula Vista. The realtors allege PCA has found a loophole where they fraudulently file a “quit claim” document with the county, which effectively signs the property’s rights over to PCA. The realtors said the county doesn’t have the manpower to make sure PCA is in fact the real owner.

Several realtors said they’ve contacted the Chula Vista Police Department and the San Diego County District Attorney’s Office, but neither could confirm they are actively investigating the PCA.

Check out the full report on 10News.com.

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