People v. Franklin Marquez and Sisy Aragon
updated: Oct 12, 2012, 4:10 PM
Source: Santa Barbara District Attorney
Santa Barbara County District Attorney Joyce E. Dudley announced the plea today of Franklin David
Marquez and Sisy Aragon. Franklin David Marquez pled to one felony count of violating Civil Code
2945.4, commonly known as Loan Modification Fraud/Foreclosure Assistance Fraud. Sisy Aragon pled to
one misdemeanor count of Penal Code section 32, Accessory After The Fact. Aragon was sentenced to
three years of probation and ordered to make restitution in the sum of $27,500. Marquez will be
sentenced on November 29, 2012.
The foreclosure scheme associated with these subjects involves contacting homeowners in distress and
offering to save their homes from foreclosure. To do so they require Quit Claim Deeds and Power of
Attorney documents. They tell the homeowner that for a fee, usually in the thousands of dollars, their
homes will be put into a trust. They tell the victim they no longer need to make house payments but
instead make payments directly to the trust or company managing the trust. The victims are told that
attorneys are aggressively working with the banks to get their homes back. These companies then file
documents that potentially cloud title and slow down the foreclosure process and/or file bankruptcies to
slow down the process. While the foreclosure process is stalled, the victims continue to make payments
to these companies and are assured that their homes are actually being rescued. Eventually the lenders
successfully foreclose on the property but not before the victims/homeowners have paid thousands of
dollars to the fraudulent companies.
District Attorney Joyce Dudley commented that, "Unfortunately, many of the victims of these scams do
not know that crimes have been committed against them. Additionally, people who are in financial
trouble and are in the process of losing their homes may not be able or willing to come forward and
report these activities. This is the "perfect storm" that makes it easier for scammers to take advantage
of them." DA Dudley further stated, "If you have been approached by an individual or company offering
foreclosure assistance for an up-front fee, do not give them any money. lf you have paid someone an
up-front fee for Foreclosure Assistance or Loan Modification, you should contact law enforcement or file
a claim on the District Attorney Website www.countyofsb.org/da.
This case was investigated by District Attorney Investigator Jennifer Glirnp and was prosecuted by
Deputy District Attorney Gary Gemberling.
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