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SILVAR President Denise Welsh administers the oath of office to FAREPA Co-presidents Tess Crescini and Wilma Baltar, Vice President Cheryl (CJ) Javier, treasurer Mark Taylan; and secretary Gelda Lopez.

 

 

The Silicon Valley Association of REALTORS® congratulated the 2017-2018 co-presidents, officers and board directors of the Filipino American Real Estate Professional Association (FAREPA) Silicon Valley yesterday at a luncheon ceremony at David’s Restaurant in Santa Clara.

Members of the 2017-2018 FAREPA leadership team include SILVAR Global Business Council chair Tess Crescini (Heritage Homes & Investments) and Wilma Baltar (Keller Williams Silicon City), co-presidents; Cheryl (CJ) Javier (CBC Realty), vice president; Mark Taylan (Direct Mortgage Funding), treasurer; Gelda Lopez (Wells Fargo Home Mortgage), secretary. The co-presidents and other officers were installed by SILVAR President Denise Welsh.

2017-2018 FAREPA Board of Directors, installed by Rick Smith, president of the Santa Clara County Association of REALTORS® (SCCAOR), included Dexter Lat (Realty World Alliance), Tessie Figueroa (Akimax Realty), Dan Ramas (Keller Williams Silicon City), Robert Balina (Synergize Realty), Anna Truong Lopez (Bank of America Home Mortgage), Divina Parreno (WFG National Title Insurance Co.) and Edelith Obas (WEST).

Co-emcees for the event were Hilda Ramirez, SCCAOR director of PR, Communications & Education, and Fremont City Council Member David Bonaccorsi. SILVAR Public Affairs & Communications Director Rose Meily delivered the invocation and Ben Menor, executive director of the Federation of Philippine American Chamber of Commerce, delivered the Heritage Message.

Keynote speakers were Bureau of Real Estate Commissioner Wayne Bell and California State Senator Jim Beall. Bell thanked REALTORS® for raising the standard of the real estate profession, noting, “It’s a team that makes real estate work in California.”

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Despite the housing market recovery, scammers are still attempting to defraud unsuspecting homeowners, according to the California Bureau of Real Estate (CalBRE)). CalBRE is asking consumers and real estate agents to be on the alert and report suspicious fraudulent activity.

CalBRE real estate commissioner Wayne Bell recently told Silicon Valley real estate professionals at a meeting of the Filipino American Real Estate Professionals Association (FAREPA) that the bureau is reaching out to the public and real estate organizations and seeking their help in catching criminals that continue to prey on unsuspecting and financially distressed homeowners. Bell said real estate agents are themselves targets of fraud, along with consumers, especially the elderly. He is asking anyone suspecting scams involving real estate to report their suspicions to the bureau, or visit its website at www.dre.ca.gov and file a complaint.

“We would like to see a culture of compliance with our laws,” said Bell. “We want to educate real estate professionals who want to aspire for professionalism and segregate them from the crooks that don’t.”

Bell said the bureau is seeing a rise in cases of affinity fraud, where criminals prey upon members of ethnic communities. These scams often go unreported because many in these groups are afraid to contact government authorities.

Foreclosure rescue scams and pitching of forensic loan audits are still prevalent. These scams involve fraudulent foreclosure “rescue” professionals who sell services that promise relief to financially strapped homeowners in exchange for an advanced fee.

Unlicensed property management companies are targeting agents, selling them worthless lists of rentals. Then there’s online rental fraud, where scammers hijack a listing and put it up on Craigslist and other websites. These scammers are difficult to catch, said Bell, because they move from one place to another.

Bell said homeowners need to beware of property record fraud, a scam that can be simply done by someone recording a false document in the county recorder’s office. The document makes it appear as if they own someone else’s property. Seniors are often the target of this type of crime and reverse mortgage scams.

Bell advises consumers and agents to make sure a person’s license is legitimate by checking the CalBRE website, which shows license status in real time and disciplinary actions taken against a licensee; be vigilant; be skeptical; don’t send money over the Internet; see the rental property first, or contact a legitimate agent to help you. He also advises homeowners to check the title to their property and make sure there are no liens imposed on the property.

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