Thank You Specialized Loan Servicing (SLS) for Helping Mrs. Presterl Keep Her Home
A couple of weeks ago I posted a story about an elderly couple, Joe and Linda Presterl, and how they were egregiously defrauded by the worst con artist Iâ€™ve ever come acrossâ€¦ a man who went by the name(s) of Kevin Carter, Kevin Rasher and Kevin Fox.
In short, what Kevin Carter/Rasher/Fox was doing was telling people that he worked for the Treasury Department and â€śHUD Making Home Affordable,â€ť which incredibly, was the name of his company.Â Heâ€™d tell homeowners that he had gotten their loans modified and then instruct them to send their payments each month to his address via cashierâ€™s checks made out to HUD Making Home Affordableâ€¦ his own bank account.
After two years, give or take, the bank would foreclose on the home and sell it at a trustee saleâ€¦ and thatâ€™s when the couples that Kevin scammed would discover that theyâ€™d been scammed.Â They thought that theyâ€™d been making their payments on time each month, only to learn the hard way that they were paying Kevin Carter/Rasherâ€¦ and no one else.
(In case you didnâ€™t see the story, hereâ€™s a link: Kevin Carter/Rasher Finally in Jail for Defrauding Homeowners.)
Upon learning of the scam from homeowners who had been victimized, I contacted HUD, the DOJ and the Orange County District Attorney immediately, but agreed not to write about him until the authorities had time to build their case and apprehend himâ€¦ I certainly didnâ€™t want to tip him off that the Feds and local police were about to shut him down and throw him in jailâ€¦ where he most definitely belongs and for a very long time.
If you read the story then you also know that it had a truly tragic endingâ€¦ Mr. Presterl succumbed to the stress, shame and incomparable frustrationâ€¦ he took his own life at the beginning of August, just as I had gotten involved with the coupleâ€™s lawyer, Jim Cherry, in an effort to get the coupleâ€™s loan modified.
At the end of my article I asked readers to contact Specialized Loan Servicing (SLS) to ask the companyÂ not to foreclose on Mrs Presterl under such circumstances, and instead to do whatever could be done to modify her loanâ€¦ because clearly she had already lost far more than she ever should have.
Okay, enough recapâ€¦ I have some news.Â Actually, I have some really great news!
To begin with, according to the Orange County Deputy District Attorney handling the prosecution of Kevin Carter/Rasher/Foxâ€¦ Kevin has been indicted on a 21 count federal indictment within the Central District of California.Â The indictment consists of mail fraud, wire fraud, impersonating a government official and false statement to government official.Â
Kevin is currently in custody and since he is being held on $2 million bail, itâ€™s likely that heâ€™s not going anywhere.Â (Orange County Superior Court Â Case #: 16CF1377.)
Iâ€™m told that the next court date is a pretrial/bail review/arraignment on a 1st amended complaint, which is set for Sept 15th.Â Another Orange County Deputy District Attorney working on the case, had the following to say about the matter as related to the Presterlâ€™sâ€¦
â€śWe seized their file pursuant to a search warrant and Iâ€™m unable find any evidence that any of the Presterl monies went anywhere other than to Rasher/Carterâ€™s personal living expenses.â€ť
No surprise there, but it still makes my stomach turn to read that sentence.
And now, hereâ€™s the best news of allâ€¦
Specialized Loan Servicing (SLS) has agreed to provide Mrs. Presterl with a loan modification so she will not lose her home after allâ€¦ and all of you who took the time to contact SLS after reading my article to express your support for Mrs Presterlâ€¦
All I can say is that you did a really great thing, I will never be able to thank you enoughâ€¦ and I know that Mrs. Presterl is eternally grateful for your caringâ€¦ your supportâ€¦ and your prayers.
Of course, nothing can ever make right what happened to the Presterls, to say nothing of the hundreds of other couples who also fell prey to Kevin Carterâ€™s/Rasherâ€™s/Foxâ€™s deplorable scam.Â And, of course, nothing can ever bring back Mr. Presterlâ€¦ I pray that he is now resting in peace, in a better placeâ€¦ and that Mrs. Presterl can somehow find some peace of her own.
So, thank you everyoneâ€¦ and thank you Specialized Loan Servicing (SLS) for caring enough to come to understand what happened here, and for doing the right thing so that Mrs Presterl would not lose her home, after losing more than anyone should ever have to loseâ€¦ due to no fault of her own.
As to Kevin Carter/Rasher/Foxâ€¦ I hope he rots in prison for the rest of his life.
P.S. After spending the last eight years writing hundreds of articles about the financial and foreclosure crises, I can’t help but often ask myself why I continueâ€¦ why I donâ€™t just quit.Â After all, while I know that I’ve certainlyÂ helped some, I certainly wantedÂ to accomplish more.Â
But today, when the Presterlâ€™s lawyer, Jim Cherry called me with updates on the case, he signed off by thanking me, sayingâ€¦ â€śYou did a really great thing hereâ€¦ And thank you.â€ť
So, between you who helped by contacting SLS… and Jimâ€¦ I guess that answered my question.